Global Actuarial Modeling Software Market Research Report 2024

Publication ID:

PB512240165

Publication Date:

December 5, 2024

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

IT Services [2]

Computing & Electronics [3]

Description:

The global market for Actuarial Modeling Software was valued at US$ 559 million in the year 2023 and is projected to reach a revised size of US$ 860 million by 2030, growing at a CAGR of 6.6% during the forecast period.
Actuarial modeling software is a type of software that is specifically designed for actuarial professionals to perform complex calculations and analyze data related to insurance and financial risk management. This software helps actuaries in various tasks such as pricing insurance products, estimating reserves, conducting risk analysis, and performing financial projections. These software packages provide actuaries with the necessary tools and functionality to perform complex calculations, analyze data, and make informed decisions in the insurance and financial risk management industry.
One of the key opportunities in the actuarial modeling software market is the growing adoption of cloud-based solutions. Cloud computing offers scalability, flexibility, and cost-effectiveness, making it an attractive option for businesses looking to streamline their operations. Additionally, the increasing focus on data-driven decision-making and risk management is driving the demand for advanced analytics tools, creating new opportunities for software vendors in the market. However, the market also faces several challenges, such as data security concerns, regulatory compliance issues, and the complexity of integrating actuarial modeling software with existing systems.
Looking ahead, the future of the actuarial modeling software market is expected to be shaped by several key trends. One of the emerging trends is the use of artificial intelligence and machine learning algorithms to enhance predictive modeling capabilities. These technologies can help businesses analyze large volumes of data more efficiently and accurately, enabling them to make more informed decisions. Another trend is the increasing focus on customer-centric solutions, with software vendors developing tools that cater to the specific needs of individual clients. Additionally, the market is witnessing a shift towards integrated platforms that combine actuarial modeling software with other analytics tools, providing a comprehensive solution for risk management and decision-making.
In conclusion, the actuarial modeling software market is poised for continued growth and innovation in the coming years. With the increasing demand for advanced analytics tools and the adoption of cloud-based solutions, software vendors have a wealth of opportunities to capitalize on. However, they must also navigate challenges such as data security and regulatory compliance to ensure the success of their products. By staying abreast of key trends and developments in the market, companies can position themselves for success and drive further growth in this dynamic industry.
This report aims to provide a comprehensive presentation of the global market for Actuarial Modeling Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Actuarial Modeling Software.
The Actuarial Modeling Software market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Actuarial Modeling Software market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Actuarial Modeling Software companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
SAS
FIS Prophet
Moody's
WTW RiskAgility
WNS
Aon
Milliman
Akur8
Stoch Analytics
PolySystems
RNA Analytics
Montoux
Addactis
Slope Software
Insureware
Claros Analytics
Segment by Type
On-premises
Cloud Based
Segment by Application
Insurance
Bank
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Actuarial Modeling Software company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Actuarial Modeling Software Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 On-premises
1.2.3 Cloud Based
1.3 Market by Application
1.3.1 Global Actuarial Modeling Software Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Insurance
1.3.3 Bank
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Actuarial Modeling Software Market Perspective (2019-2030)
2.2 Global Actuarial Modeling Software Growth Trends by Region
2.2.1 Global Actuarial Modeling Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Actuarial Modeling Software Historic Market Size by Region (2019-2024)
2.2.3 Actuarial Modeling Software Forecasted Market Size by Region (2025-2030)
2.3 Actuarial Modeling Software Market Dynamics
2.3.1 Actuarial Modeling Software Industry Trends
2.3.2 Actuarial Modeling Software Market Drivers
2.3.3 Actuarial Modeling Software Market Challenges
2.3.4 Actuarial Modeling Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Actuarial Modeling Software Players by Revenue
3.1.1 Global Top Actuarial Modeling Software Players by Revenue (2019-2024)
3.1.2 Global Actuarial Modeling Software Revenue Market Share by Players (2019-2024)
3.2 Global Actuarial Modeling Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Actuarial Modeling Software Revenue
3.4 Global Actuarial Modeling Software Market Concentration Ratio
3.4.1 Global Actuarial Modeling Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Actuarial Modeling Software Revenue in 2023
3.5 Global Key Players of Actuarial Modeling Software Head office and Area Served
3.6 Global Key Players of Actuarial Modeling Software, Product and Application
3.7 Global Key Players of Actuarial Modeling Software, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Actuarial Modeling Software Breakdown Data by Type
4.1 Global Actuarial Modeling Software Historic Market Size by Type (2019-2024)
4.2 Global Actuarial Modeling Software Forecasted Market Size by Type (2025-2030)
5 Actuarial Modeling Software Breakdown Data by Application
5.1 Global Actuarial Modeling Software Historic Market Size by Application (2019-2024)
5.2 Global Actuarial Modeling Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Actuarial Modeling Software Market Size (2019-2030)
6.2 North America Actuarial Modeling Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Actuarial Modeling Software Market Size by Country (2019-2024)
6.4 North America Actuarial Modeling Software Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Actuarial Modeling Software Market Size (2019-2030)
7.2 Europe Actuarial Modeling Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Actuarial Modeling Software Market Size by Country (2019-2024)
7.4 Europe Actuarial Modeling Software Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Actuarial Modeling Software Market Size (2019-2030)
8.2 Asia-Pacific Actuarial Modeling Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Actuarial Modeling Software Market Size by Region (2019-2024)
8.4 Asia-Pacific Actuarial Modeling Software Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Actuarial Modeling Software Market Size (2019-2030)
9.2 Latin America Actuarial Modeling Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Actuarial Modeling Software Market Size by Country (2019-2024)
9.4 Latin America Actuarial Modeling Software Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Actuarial Modeling Software Market Size (2019-2030)
10.2 Middle East & Africa Actuarial Modeling Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Actuarial Modeling Software Market Size by Country (2019-2024)
10.4 Middle East & Africa Actuarial Modeling Software Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 SAS
11.1.1 SAS Company Details
11.1.2 SAS Business Overview
11.1.3 SAS Actuarial Modeling Software Introduction
11.1.4 SAS Revenue in Actuarial Modeling Software Business (2019-2024)
11.1.5 SAS Recent Development
11.2 FIS Prophet
11.2.1 FIS Prophet Company Details
11.2.2 FIS Prophet Business Overview
11.2.3 FIS Prophet Actuarial Modeling Software Introduction
11.2.4 FIS Prophet Revenue in Actuarial Modeling Software Business (2019-2024)
11.2.5 FIS Prophet Recent Development
11.3 Moody's
11.3.1 Moody's Company Details
11.3.2 Moody's Business Overview
11.3.3 Moody's Actuarial Modeling Software Introduction
11.3.4 Moody's Revenue in Actuarial Modeling Software Business (2019-2024)
11.3.5 Moody's Recent Development
11.4 WTW RiskAgility
11.4.1 WTW RiskAgility Company Details
11.4.2 WTW RiskAgility Business Overview
11.4.3 WTW RiskAgility Actuarial Modeling Software Introduction
11.4.4 WTW RiskAgility Revenue in Actuarial Modeling Software Business (2019-2024)
11.4.5 WTW RiskAgility Recent Development
11.5 WNS
11.5.1 WNS Company Details
11.5.2 WNS Business Overview
11.5.3 WNS Actuarial Modeling Software Introduction
11.5.4 WNS Revenue in Actuarial Modeling Software Business (2019-2024)
11.5.5 WNS Recent Development
11.6 Aon
11.6.1 Aon Company Details
11.6.2 Aon Business Overview
11.6.3 Aon Actuarial Modeling Software Introduction
11.6.4 Aon Revenue in Actuarial Modeling Software Business (2019-2024)
11.6.5 Aon Recent Development
11.7 Milliman
11.7.1 Milliman Company Details
11.7.2 Milliman Business Overview
11.7.3 Milliman Actuarial Modeling Software Introduction
11.7.4 Milliman Revenue in Actuarial Modeling Software Business (2019-2024)
11.7.5 Milliman Recent Development
11.8 Akur8
11.8.1 Akur8 Company Details
11.8.2 Akur8 Business Overview
11.8.3 Akur8 Actuarial Modeling Software Introduction
11.8.4 Akur8 Revenue in Actuarial Modeling Software Business (2019-2024)
11.8.5 Akur8 Recent Development
11.9 Stoch Analytics
11.9.1 Stoch Analytics Company Details
11.9.2 Stoch Analytics Business Overview
11.9.3 Stoch Analytics Actuarial Modeling Software Introduction
11.9.4 Stoch Analytics Revenue in Actuarial Modeling Software Business (2019-2024)
11.9.5 Stoch Analytics Recent Development
11.10 PolySystems
11.10.1 PolySystems Company Details
11.10.2 PolySystems Business Overview
11.10.3 PolySystems Actuarial Modeling Software Introduction
11.10.4 PolySystems Revenue in Actuarial Modeling Software Business (2019-2024)
11.10.5 PolySystems Recent Development
11.11 RNA Analytics
11.11.1 RNA Analytics Company Details
11.11.2 RNA Analytics Business Overview
11.11.3 RNA Analytics Actuarial Modeling Software Introduction
11.11.4 RNA Analytics Revenue in Actuarial Modeling Software Business (2019-2024)
11.11.5 RNA Analytics Recent Development
11.12 Montoux
11.12.1 Montoux Company Details
11.12.2 Montoux Business Overview
11.12.3 Montoux Actuarial Modeling Software Introduction
11.12.4 Montoux Revenue in Actuarial Modeling Software Business (2019-2024)
11.12.5 Montoux Recent Development
11.13 Addactis
11.13.1 Addactis Company Details
11.13.2 Addactis Business Overview
11.13.3 Addactis Actuarial Modeling Software Introduction
11.13.4 Addactis Revenue in Actuarial Modeling Software Business (2019-2024)
11.13.5 Addactis Recent Development
11.14 Slope Software
11.14.1 Slope Software Company Details
11.14.2 Slope Software Business Overview
11.14.3 Slope Software Actuarial Modeling Software Introduction
11.14.4 Slope Software Revenue in Actuarial Modeling Software Business (2019-2024)
11.14.5 Slope Software Recent Development
11.15 Insureware
11.15.1 Insureware Company Details
11.15.2 Insureware Business Overview
11.15.3 Insureware Actuarial Modeling Software Introduction
11.15.4 Insureware Revenue in Actuarial Modeling Software Business (2019-2024)
11.15.5 Insureware Recent Development
11.16 Claros Analytics
11.16.1 Claros Analytics Company Details
11.16.2 Claros Analytics Business Overview
11.16.3 Claros Analytics Actuarial Modeling Software Introduction
11.16.4 Claros Analytics Revenue in Actuarial Modeling Software Business (2019-2024)
11.16.5 Claros Analytics Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer

Companies Mentioned:

SAS
FIS Prophet
Moody's
WTW RiskAgility
WNS
Aon
Milliman
Akur8
Stoch Analytics
PolySystems
RNA Analytics
Montoux
Addactis
Slope Software
Insureware
Claros Analytics

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