Global Life Insurance Policy Administration Systems Market Size, Status, Research and Forecast 2019-2025

Published On: Jul 2019

Format: PDF

Publisher: QY Research

Pages: 104

Report ID: 3695

Life insurance policy administration software helps insurers manage life and annuity insurance policies. Life insurance policy administration systems allow insurers to develop and administer new life, annuity, pension, and health insurance products for clients. Using life insurance policy administration software systems, organizations can design new policies, calculate policy costs, and maintain a record of policies issued to clients. Some systems offer libraries of prebuilt insurance product features that reduce time to market. Life insurance policy administration software systems are commonly used by enterprise insurance organizations to manage existing policies and develop new insurance products. These systems can improve policy flexibility and administration. Life insurance policy administration software systems can be implemented either as a standalone solution or as part of an integrated insurance suite.
The life insurance industry is witnessing shifting trends in the front-office, policy administration, and claims, the three core functions of the insurance value chain. Life insurance firms remain challenged by their inflexible legacy life insurance policy administration systems. Designing innovative products, faster time to market and leveraging modern technology for multi-channel distribution has become essential for life insurers. Hence insurers are looking for life insurance policy administration systems transformation to enhance their operational efficiency with a lower total cost of operations by consolidating their existing systems.
Life insurance policy administration systems market is currently dominated by North America region owing to wide adoption of life insurance policy administration systems in order to improve efficiency and eradicate issues arising due to multiple administration systems. Europe Life Insurance Policy Administration Systems market follows next due to wide adoption of these kind of administration systems in this region. Asia Pacific life insurance policy administration systems market is gradually growing due to the presence of wide customer base in this region.
In 2018, the global Life Insurance Policy Administration Systems market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Life Insurance Policy Administration Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Life Insurance Policy Administration Systems development in United States, Europe and China.

The key players covered in this study
Accenture
Andesa Services
Concentrix
CSC (CyberLife)
CSC (Wealth Management Accelerator)
EXL
FAST Technology
Infosys McCamish
InsPro Technologies
Majesco
MDI
Mphasis Wyde
Oracle
Sapiens and Vitech Systems Group
Instanda
Andesa

Market segment by Type, the product can be split into
Hardware
Software
Services

Market segment by Application, split into
Life Insurance Policy Management
Insurance Company

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Life Insurance Policy Administration Systems status, future forecast, growth opportunity, key market and key players.
To present the Life Insurance Policy Administration Systems development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Life Insurance Policy Administration Systems are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Life Insurance Policy Administration Systems Market Size Growth Rate by Type (2014-2025)
1.4.2 Hardware
1.4.3 Software
1.4.4 Services
1.5 Market by Application
1.5.1 Global Life Insurance Policy Administration Systems Market Share by Application (2014-2025)
1.5.2 Life Insurance Policy Management
1.5.3 Insurance Company
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Life Insurance Policy Administration Systems Market Size
2.2 Life Insurance Policy Administration Systems Growth Trends by Regions
2.2.1 Life Insurance Policy Administration Systems Market Size by Regions (2014-2025)
2.2.2 Life Insurance Policy Administration Systems Market Share by Regions (2014-2019)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Life Insurance Policy Administration Systems Market Size by Manufacturers
3.1.1 Global Life Insurance Policy Administration Systems Revenue by Manufacturers (2014-2019)
3.1.2 Global Life Insurance Policy Administration Systems Revenue Market Share by Manufacturers (2014-2019)
3.1.3 Global Life Insurance Policy Administration Systems Market Concentration Ratio (CR5 and HHI)
3.2 Life Insurance Policy Administration Systems Key Players Head office and Area Served
3.3 Key Players Life Insurance Policy Administration Systems Product/Solution/Service
3.4 Date of Enter into Life Insurance Policy Administration Systems Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
4.1 Global Life Insurance Policy Administration Systems Market Size by Type (2014-2019)
4.2 Global Life Insurance Policy Administration Systems Market Size by Application (2014-2019)

5 United States
5.1 United States Life Insurance Policy Administration Systems Market Size (2014-2019)
5.2 Life Insurance Policy Administration Systems Key Players in United States
5.3 United States Life Insurance Policy Administration Systems Market Size by Type
5.4 United States Life Insurance Policy Administration Systems Market Size by Application

6 Europe
6.1 Europe Life Insurance Policy Administration Systems Market Size (2014-2019)
6.2 Life Insurance Policy Administration Systems Key Players in Europe
6.3 Europe Life Insurance Policy Administration Systems Market Size by Type
6.4 Europe Life Insurance Policy Administration Systems Market Size by Application

7 China
7.1 China Life Insurance Policy Administration Systems Market Size (2014-2019)
7.2 Life Insurance Policy Administration Systems Key Players in China
7.3 China Life Insurance Policy Administration Systems Market Size by Type
7.4 China Life Insurance Policy Administration Systems Market Size by Application

8 Japan
8.1 Japan Life Insurance Policy Administration Systems Market Size (2014-2019)
8.2 Life Insurance Policy Administration Systems Key Players in Japan
8.3 Japan Life Insurance Policy Administration Systems Market Size by Type
8.4 Japan Life Insurance Policy Administration Systems Market Size by Application

9 Southeast Asia
9.1 Southeast Asia Life Insurance Policy Administration Systems Market Size (2014-2019)
9.2 Life Insurance Policy Administration Systems Key Players in Southeast Asia
9.3 Southeast Asia Life Insurance Policy Administration Systems Market Size by Type
9.4 Southeast Asia Life Insurance Policy Administration Systems Market Size by Application

10 India
10.1 India Life Insurance Policy Administration Systems Market Size (2014-2019)
10.2 Life Insurance Policy Administration Systems Key Players in India
10.3 India Life Insurance Policy Administration Systems Market Size by Type
10.4 India Life Insurance Policy Administration Systems Market Size by Application

11 Central & South America
11.1 Central & South America Life Insurance Policy Administration Systems Market Size (2014-2019)
11.2 Life Insurance Policy Administration Systems Key Players in Central & South America
11.3 Central & South America Life Insurance Policy Administration Systems Market Size by Type
11.4 Central & South America Life Insurance Policy Administration Systems Market Size by Application

12 International Players Profiles
12.1 Accenture
12.1.1 Accenture Company Details
12.1.2 Company Description and Business Overview
12.1.3 Life Insurance Policy Administration Systems Introduction
12.1.4 Accenture Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.1.5 Accenture Recent Development
12.2 Andesa Services
12.2.1 Andesa Services Company Details
12.2.2 Company Description and Business Overview
12.2.3 Life Insurance Policy Administration Systems Introduction
12.2.4 Andesa Services Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.2.5 Andesa Services Recent Development
12.3 Concentrix
12.3.1 Concentrix Company Details
12.3.2 Company Description and Business Overview
12.3.3 Life Insurance Policy Administration Systems Introduction
12.3.4 Concentrix Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.3.5 Concentrix Recent Development
12.4 CSC (CyberLife)
12.4.1 CSC (CyberLife) Company Details
12.4.2 Company Description and Business Overview
12.4.3 Life Insurance Policy Administration Systems Introduction
12.4.4 CSC (CyberLife) Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.4.5 CSC (CyberLife) Recent Development
12.5 CSC (Wealth Management Accelerator)
12.5.1 CSC (Wealth Management Accelerator) Company Details
12.5.2 Company Description and Business Overview
12.5.3 Life Insurance Policy Administration Systems Introduction
12.5.4 CSC (Wealth Management Accelerator) Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.5.5 CSC (Wealth Management Accelerator) Recent Development
12.6 EXL
12.6.1 EXL Company Details
12.6.2 Company Description and Business Overview
12.6.3 Life Insurance Policy Administration Systems Introduction
12.6.4 EXL Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.6.5 EXL Recent Development
12.7 FAST Technology
12.7.1 FAST Technology Company Details
12.7.2 Company Description and Business Overview
12.7.3 Life Insurance Policy Administration Systems Introduction
12.7.4 FAST Technology Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.7.5 FAST Technology Recent Development
12.8 Infosys McCamish
12.8.1 Infosys McCamish Company Details
12.8.2 Company Description and Business Overview
12.8.3 Life Insurance Policy Administration Systems Introduction
12.8.4 Infosys McCamish Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.8.5 Infosys McCamish Recent Development
12.9 InsPro Technologies
12.9.1 InsPro Technologies Company Details
12.9.2 Company Description and Business Overview
12.9.3 Life Insurance Policy Administration Systems Introduction
12.9.4 InsPro Technologies Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.9.5 InsPro Technologies Recent Development
12.10 Majesco
12.10.1 Majesco Company Details
12.10.2 Company Description and Business Overview
12.10.3 Life Insurance Policy Administration Systems Introduction
12.10.4 Majesco Revenue in Life Insurance Policy Administration Systems Business (2014-2019)
12.10.5 Majesco Recent Development
12.11 MDI
12.12 Mphasis Wyde
12.13 Oracle
12.14 Sapiens and Vitech Systems Group
12.15 Instanda
12.16 Andesa

13 Market Forecast 2019-2025
13.1 Market Size Forecast by Regions
13.2 United States
13.3 Europe
13.4 China
13.5 Japan
13.6 Southeast Asia
13.7 India
13.8 Central & South America
13.9 Market Size Forecast by Product (2019-2025)
13.10 Market Size Forecast by Application (2019-2025)

14 Analyst's Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details