
Insurance Big Data Analytics involves the use of advanced data analytics techniques to process and analyze vast amounts of data within the insurance industry. This includes customer data, policy information, claims history, market trends, and more. By extracting valuable insights from this data, insurance companies can make informed decisions, optimize underwriting processes, detect fraudulent activities, personalize customer experiences, and enhance risk assessment and management strategies.
The global Insurance Big Data Analytics market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
North American market for Insurance Big Data Analytics is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Insurance Big Data Analytics is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Insurance Big Data Analytics in Pricing Premiums is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Insurance Big Data Analytics include Deloitte, Verisk Analytics, IBM, SAP AG, LexisNexis, PwC, Guidewire, RSM and SAS, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Insurance Big Data Analytics, 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 Insurance Big Data Analytics.
Report Scope
The Insurance Big Data Analytics market size, estimations, and forecasts are provided in terms of 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 Insurance Big Data Analytics 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 Insurance Big Data Analytics companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price 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
Deloitte
Verisk Analytics
IBM
SAP AG
LexisNexis
PwC
Guidewire
RSM
SAS
Pegasystems
Majesco
Tableau
OpenText
Oracle
TIBCO Software
ReSource Pro
BOARD International
Vertafore
Qlik
Segment by Type
Service
Software
Segment by Application
Pricing Premiums
Prevent and Reduce Fraud
Gain Customer Insight
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
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 Insurance Big Data Analytics companies’ 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.
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Insurance Big Data Analytics Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Service
1.2.3 Software
1.3 Market by Application
1.3.1 Global Insurance Big Data Analytics Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Pricing Premiums
1.3.3 Prevent and Reduce Fraud
1.3.4 Gain Customer Insight
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Insurance Big Data Analytics Market Perspective (2019-2030)
2.2 Insurance Big Data Analytics Growth Trends by Region
2.2.1 Global Insurance Big Data Analytics Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Insurance Big Data Analytics Historic Market Size by Region (2019-2024)
2.2.3 Insurance Big Data Analytics Forecasted Market Size by Region (2025-2030)
2.3 Insurance Big Data Analytics Market Dynamics
2.3.1 Insurance Big Data Analytics Industry Trends
2.3.2 Insurance Big Data Analytics Market Drivers
2.3.3 Insurance Big Data Analytics Market Challenges
2.3.4 Insurance Big Data Analytics Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Insurance Big Data Analytics Players by Revenue
3.1.1 Global Top Insurance Big Data Analytics Players by Revenue (2019-2024)
3.1.2 Global Insurance Big Data Analytics Revenue Market Share by Players (2019-2024)
3.2 Global Insurance Big Data Analytics Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Insurance Big Data Analytics Revenue
3.4 Global Insurance Big Data Analytics Market Concentration Ratio
3.4.1 Global Insurance Big Data Analytics Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Insurance Big Data Analytics Revenue in 2023
3.5 Insurance Big Data Analytics Key Players Head office and Area Served
3.6 Key Players Insurance Big Data Analytics Product Solution and Service
3.7 Date of Enter into Insurance Big Data Analytics Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Insurance Big Data Analytics Breakdown Data by Type
4.1 Global Insurance Big Data Analytics Historic Market Size by Type (2019-2024)
4.2 Global Insurance Big Data Analytics Forecasted Market Size by Type (2025-2030)
5 Insurance Big Data Analytics Breakdown Data by Application
5.1 Global Insurance Big Data Analytics Historic Market Size by Application (2019-2024)
5.2 Global Insurance Big Data Analytics Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Insurance Big Data Analytics Market Size (2019-2030)
6.2 North America Insurance Big Data Analytics Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Insurance Big Data Analytics Market Size by Country (2019-2024)
6.4 North America Insurance Big Data Analytics Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Insurance Big Data Analytics Market Size (2019-2030)
7.2 Europe Insurance Big Data Analytics Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Insurance Big Data Analytics Market Size by Country (2019-2024)
7.4 Europe Insurance Big Data Analytics 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 Insurance Big Data Analytics Market Size (2019-2030)
8.2 Asia-Pacific Insurance Big Data Analytics Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Insurance Big Data Analytics Market Size by Region (2019-2024)
8.4 Asia-Pacific Insurance Big Data Analytics 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 Insurance Big Data Analytics Market Size (2019-2030)
9.2 Latin America Insurance Big Data Analytics Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Insurance Big Data Analytics Market Size by Country (2019-2024)
9.4 Latin America Insurance Big Data Analytics Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Insurance Big Data Analytics Market Size (2019-2030)
10.2 Middle East & Africa Insurance Big Data Analytics Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Insurance Big Data Analytics Market Size by Country (2019-2024)
10.4 Middle East & Africa Insurance Big Data Analytics Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Deloitte
11.1.1 Deloitte Company Detail
11.1.2 Deloitte Business Overview
11.1.3 Deloitte Insurance Big Data Analytics Introduction
11.1.4 Deloitte Revenue in Insurance Big Data Analytics Business (2019-2024)
11.1.5 Deloitte Recent Development
11.2 Verisk Analytics
11.2.1 Verisk Analytics Company Detail
11.2.2 Verisk Analytics Business Overview
11.2.3 Verisk Analytics Insurance Big Data Analytics Introduction
11.2.4 Verisk Analytics Revenue in Insurance Big Data Analytics Business (2019-2024)
11.2.5 Verisk Analytics Recent Development
11.3 IBM
11.3.1 IBM Company Detail
11.3.2 IBM Business Overview
11.3.3 IBM Insurance Big Data Analytics Introduction
11.3.4 IBM Revenue in Insurance Big Data Analytics Business (2019-2024)
11.3.5 IBM Recent Development
11.4 SAP AG
11.4.1 SAP AG Company Detail
11.4.2 SAP AG Business Overview
11.4.3 SAP AG Insurance Big Data Analytics Introduction
11.4.4 SAP AG Revenue in Insurance Big Data Analytics Business (2019-2024)
11.4.5 SAP AG Recent Development
11.5 LexisNexis
11.5.1 LexisNexis Company Detail
11.5.2 LexisNexis Business Overview
11.5.3 LexisNexis Insurance Big Data Analytics Introduction
11.5.4 LexisNexis Revenue in Insurance Big Data Analytics Business (2019-2024)
11.5.5 LexisNexis Recent Development
11.6 PwC
11.6.1 PwC Company Detail
11.6.2 PwC Business Overview
11.6.3 PwC Insurance Big Data Analytics Introduction
11.6.4 PwC Revenue in Insurance Big Data Analytics Business (2019-2024)
11.6.5 PwC Recent Development
11.7 Guidewire
11.7.1 Guidewire Company Detail
11.7.2 Guidewire Business Overview
11.7.3 Guidewire Insurance Big Data Analytics Introduction
11.7.4 Guidewire Revenue in Insurance Big Data Analytics Business (2019-2024)
11.7.5 Guidewire Recent Development
11.8 RSM
11.8.1 RSM Company Detail
11.8.2 RSM Business Overview
11.8.3 RSM Insurance Big Data Analytics Introduction
11.8.4 RSM Revenue in Insurance Big Data Analytics Business (2019-2024)
11.8.5 RSM Recent Development
11.9 SAS
11.9.1 SAS Company Detail
11.9.2 SAS Business Overview
11.9.3 SAS Insurance Big Data Analytics Introduction
11.9.4 SAS Revenue in Insurance Big Data Analytics Business (2019-2024)
11.9.5 SAS Recent Development
11.10 Pegasystems
11.10.1 Pegasystems Company Detail
11.10.2 Pegasystems Business Overview
11.10.3 Pegasystems Insurance Big Data Analytics Introduction
11.10.4 Pegasystems Revenue in Insurance Big Data Analytics Business (2019-2024)
11.10.5 Pegasystems Recent Development
11.11 Majesco
11.11.1 Majesco Company Detail
11.11.2 Majesco Business Overview
11.11.3 Majesco Insurance Big Data Analytics Introduction
11.11.4 Majesco Revenue in Insurance Big Data Analytics Business (2019-2024)
11.11.5 Majesco Recent Development
11.12 Tableau
11.12.1 Tableau Company Detail
11.12.2 Tableau Business Overview
11.12.3 Tableau Insurance Big Data Analytics Introduction
11.12.4 Tableau Revenue in Insurance Big Data Analytics Business (2019-2024)
11.12.5 Tableau Recent Development
11.13 OpenText
11.13.1 OpenText Company Detail
11.13.2 OpenText Business Overview
11.13.3 OpenText Insurance Big Data Analytics Introduction
11.13.4 OpenText Revenue in Insurance Big Data Analytics Business (2019-2024)
11.13.5 OpenText Recent Development
11.14 Oracle
11.14.1 Oracle Company Detail
11.14.2 Oracle Business Overview
11.14.3 Oracle Insurance Big Data Analytics Introduction
11.14.4 Oracle Revenue in Insurance Big Data Analytics Business (2019-2024)
11.14.5 Oracle Recent Development
11.15 TIBCO Software
11.15.1 TIBCO Software Company Detail
11.15.2 TIBCO Software Business Overview
11.15.3 TIBCO Software Insurance Big Data Analytics Introduction
11.15.4 TIBCO Software Revenue in Insurance Big Data Analytics Business (2019-2024)
11.15.5 TIBCO Software Recent Development
11.16 ReSource Pro
11.16.1 ReSource Pro Company Detail
11.16.2 ReSource Pro Business Overview
11.16.3 ReSource Pro Insurance Big Data Analytics Introduction
11.16.4 ReSource Pro Revenue in Insurance Big Data Analytics Business (2019-2024)
11.16.5 ReSource Pro Recent Development
11.17 BOARD International
11.17.1 BOARD International Company Detail
11.17.2 BOARD International Business Overview
11.17.3 BOARD International Insurance Big Data Analytics Introduction
11.17.4 BOARD International Revenue in Insurance Big Data Analytics Business (2019-2024)
11.17.5 BOARD International Recent Development
11.18 Vertafore
11.18.1 Vertafore Company Detail
11.18.2 Vertafore Business Overview
11.18.3 Vertafore Insurance Big Data Analytics Introduction
11.18.4 Vertafore Revenue in Insurance Big Data Analytics Business (2019-2024)
11.18.5 Vertafore Recent Development
11.19 Qlik
11.19.1 Qlik Company Detail
11.19.2 Qlik Business Overview
11.19.3 Qlik Insurance Big Data Analytics Introduction
11.19.4 Qlik Revenue in Insurance Big Data Analytics Business (2019-2024)
11.19.5 Qlik Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Deloitte
Verisk Analytics
IBM
SAP AG
LexisNexis
PwC
Guidewire
RSM
SAS
Pegasystems
Majesco
Tableau
OpenText
Oracle
TIBCO Software
ReSource Pro
BOARD International
Vertafore
Qlik
Ìý
Ìý
*If Applicable.
