Underwriting & Rating Software is a type of software that provides insurance companies and agents with tools and algorithms to evaluate the risk and profitability of potential customers and policies. Underwriting & Rating Software aims to streamline the underwriting process, improve the accuracy and consistency of pricing, and enhance the customer experience and satisfaction.
Market Analysis and Insights: Global Underwriting & Rating Software Market
The global Underwriting & Rating Software market is projected to grow from US$ 403 million in 2024 to US$ 667.7 million by 2030, at a Compound Annual Growth Rate (CAGR) of 8.8% during the forecast period.
The industry trend of Underwriting & Rating Software is driven by the changing consumer behavior and expectations, the increasing competition and innovation in the market, and the advancement of technology and digitalization. Some of the key trends are:
Artificial Intelligence (AI): AI is a technology that enables machines to perform tasks that require human intelligence, such as reasoning, learning, decision making, and natural language processing. AI can help improve the quality and efficiency of underwriting and rating by automating tasks, providing insights, enhancing security, and personalizing experiences.
Big Data Analytics (BDA): BDA is the process of collecting, analyzing, and interpreting large and complex data sets to generate insights and support decision making. BDA can help optimize the performance and outcomes of underwriting and rating by providing actionable information, identifying trends and patterns, measuring impact, and predicting future scenarios.
Cloud Computing: Cloud computing is a technology that provides on-demand access to shared computing resources over the internet. Cloud computing can help reduce the cost and complexity of underwriting and rating by offering scalability, flexibility, reliability, and accessibility.
Mobile Applications: Mobile applications are software programs that run on mobile devices such as smartphones and tablets. Mobile applications can help increase the convenience and engagement of underwriting and rating by allowing users to access information and services anytime and anywhere.
Report Covers:
This report presents an overview of global market for Underwriting & Rating Software market size. Analyses of the global market trends, with historic market revenue data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.
This report researches the key producers of Underwriting & Rating Software, also provides the revenue of main regions and countries. Highlights of the upcoming market potential for Underwriting & Rating Software, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Underwriting & Rating Software revenue, market share and industry ranking of main companies, data from 2019 to 2024. Identification of the major stakeholders in the global Underwriting & Rating Software market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, revenue, and growth rate, from 2019 to 2030. Evaluation and forecast the market size for Underwriting & Rating Software revenue, projected growth trends, production technology, application and end-user industry.
Market Segmentation
By Company
Applied Epic
Oracle Insurance
Applied Rater
QQWebRater
PolicyCenter
Ifoundry
OneShield
Duck Creek
Bridge Rating
Instec
Segment by Type
Cloud Based
Web Based
Segment by Application
Large Enterprises
SMEs
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, 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: Revenue of Underwriting & Rating Software in global and regional level. 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. 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 Underwriting & Rating Software companies鈥� competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the revenue, 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 revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 7: Europe by Type, by Application and by country, revenue for each segment.
Chapter 8: China by Type, and by Application, revenue for each segment.
Chapter 9: Asia (excluding China) by Type, by Application and by region, revenue for each segment.
Chapter 10: Middle East, Africa, and Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Underwriting & Rating Software revenue, gross margin, and recent development, etc.
Chapter 12: Analyst's Viewpoints/Conclusions
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 Underwriting & Rating Software Market Size Growth Rate by Type, 2019 VS 2023 VS 2030
1.2.2 Cloud Based
1.2.3 Web Based
1.3 Market by Application
1.3.1 Global Underwriting & Rating Software Market Size Growth Rate by Application, 2019 VS 2023 VS 2030
1.3.2 Large Enterprises
1.3.3 SMEs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Underwriting & Rating Software Market Perspective (2019-2030)
2.2 Global Underwriting & Rating Software Growth Trends by Region
2.2.1 Underwriting & Rating Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Underwriting & Rating Software Historic Market Size by Region (2019-2024)
2.2.3 Underwriting & Rating Software Forecasted Market Size by Region (2025-2030)
2.3 Underwriting & Rating Software Market Dynamics
2.3.1 Underwriting & Rating Software Industry Trends
2.3.2 Underwriting & Rating Software Market Drivers
2.3.3 Underwriting & Rating Software Market Challenges
2.3.4 Underwriting & Rating Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Revenue Underwriting & Rating Software by Players
3.1.1 Global Underwriting & Rating Software Revenue by Players (2019-2024)
3.1.2 Global Underwriting & Rating Software Revenue Market Share by Players (2019-2024)
3.2 Global Underwriting & Rating Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players of Underwriting & Rating Software, Ranking by Revenue, 2022 VS 2023 VS 2024
3.4 Global Underwriting & Rating Software Market Concentration Ratio
3.4.1 Global Underwriting & Rating Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Underwriting & Rating Software Revenue in 2023
3.5 Global Key Players of Underwriting & Rating Software Head office and Area Served
3.6 Global Key Players of Underwriting & Rating Software, Product and Application
3.7 Global Key Players of Underwriting & Rating Software, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Underwriting & Rating Software Breakdown Data by Type
4.1 Global Underwriting & Rating Software Historic Market Size by Type (2019-2024)
4.2 Global Underwriting & Rating Software Forecasted Market Size by Type (2025-2030)
5 Underwriting & Rating Software Breakdown Data by Application
5.1 Global Underwriting & Rating Software Historic Market Size by Application (2019-2024)
5.2 Global Underwriting & Rating Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Underwriting & Rating Software Market Size (2019-2030)
6.2 North America Underwriting & Rating Software Market Size by Type
6.2.1 North America Underwriting & Rating Software Market Size by Type (2019-2024)
6.2.2 North America Underwriting & Rating Software Market Size by Type (2025-2030)
6.2.3 North America Underwriting & Rating Software Market Share by Type (2019-2030)
6.3 North America Underwriting & Rating Software Market Size by Application
6.3.1 North America Underwriting & Rating Software Market Size by Application (2019-2024)
6.3.2 North America Underwriting & Rating Software Market Size by Application (2025-2030)
6.3.3 North America Underwriting & Rating Software Market Share by Application (2019-2030)
6.4 North America Underwriting & Rating Software Market Size by Country
6.4.1 North America Underwriting & Rating Software Market Size by Country: 2019 VS 2023 VS 2030
6.4.2 North America Underwriting & Rating Software Market Size by Country (2019-2024)
6.4.3 North America Underwriting & Rating Software Market Size by Country (2025-2030)
6.4.4 U.S.
6.4.5 Canada
7 Europe
7.1 Europe Underwriting & Rating Software Market Size (2019-2030)
7.2 Europe Underwriting & Rating Software Market Size by Type
7.2.1 Europe Underwriting & Rating Software Market Size by Type (2019-2024)
7.2.2 Europe Underwriting & Rating Software Market Size by Type (2025-2030)
7.2.3 Europe Underwriting & Rating Software Market Share by Type (2019-2030)
7.3 Europe Underwriting & Rating Software Market Size by Application
7.3.1 Europe Underwriting & Rating Software Market Size by Application (2019-2024)
7.3.2 Europe Underwriting & Rating Software Market Size by Application (2025-2030)
7.3.3 Europe Underwriting & Rating Software Market Share by Application (2019-2030)
7.4 Europe Underwriting & Rating Software Market Size by Country
7.4.1 Europe Underwriting & Rating Software Market Size by Country: 2019 VS 2023 VS 2030
7.4.2 Europe Underwriting & Rating Software Market Size by Country (2019-2024)
7.4.3 Europe Underwriting & Rating Software Market Size by Country (2025-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic Countries
8 China
8.1 China Underwriting & Rating Software Market Size (2019-2030)
8.2 China Underwriting & Rating Software Market Size by Type
8.2.1 China Underwriting & Rating Software Market Size by Type (2019-2024)
8.2.2 China Underwriting & Rating Software Market Size by Type (2025-2030)
8.2.3 China Underwriting & Rating Software Market Share by Type (2019-2030)
8.3 China Underwriting & Rating Software Market Size by Application
8.3.1 China Underwriting & Rating Software Market Size by Application (2019-2024)
8.3.2 China Underwriting & Rating Software Market Size by Application (2025-2030)
8.3.3 China Underwriting & Rating Software Market Share by Application (2019-2030)
9 Asia (excluding China)
9.1 Asia Underwriting & Rating Software Market Size (2019-2030)
9.2 Asia Underwriting & Rating Software Market Size by Type
9.2.1 Asia Underwriting & Rating Software Market Size by Type (2019-2024)
9.2.2 Asia Underwriting & Rating Software Market Size by Type (2025-2030)
9.2.3 Asia Underwriting & Rating Software Market Share by Type (2019-2030)
9.3 Asia Underwriting & Rating Software Market Size by Application
9.3.1 Asia Underwriting & Rating Software Market Size by Application (2019-2024)
9.3.2 Asia Underwriting & Rating Software Market Size by Application (2025-2030)
9.3.3 Asia Underwriting & Rating Software Market Share by Application (2019-2030)
9.4 Asia Underwriting & Rating Software Market Size by Region
9.4.1 Asia Underwriting & Rating Software Market Size by Region: 2019 VS 2023 VS 2030
9.4.2 Asia Underwriting & Rating Software Market Size by Region (2019-2024)
9.4.3 Asia Underwriting & Rating Software Market Size by Region (2025-2030)
9.4.4 Japan
9.4.5 South Korea
9.4.6 China Taiwan
9.4.7 Southeast Asia
9.4.8 India
9.4.9 Australia
10 Middle East, Africa, and Latin America
10.1 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size (2019-2030)
10.2 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Type
10.2.1 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Type (2019-2024)
10.2.2 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Type (2025-2030)
10.2.3 Middle East, Africa, and Latin America Underwriting & Rating Software Market Share by Type (2019-2030)
10.3 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Application
10.3.1 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Application (2019-2024)
10.3.2 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Application (2025-2030)
10.3.3 Middle East, Africa, and Latin America Underwriting & Rating Software Market Share by Application (2019-2030)
10.4 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Country
10.4.1 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Country: 2019 VS 2023 VS 2030
10.4.2 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Country (2019-2024)
10.4.3 Middle East, Africa, and Latin America Underwriting & Rating Software Market Size by Country (2025-2030)
10.4.4 Brazil
10.4.5 Mexico
10.4.6 Turkey
10.4.7 Saudi Arabia
10.4.8 Israel
10.4.9 GCC Countries
11 Key Players Profiles
11.1 Applied Epic
11.1.1 Applied Epic Company Details
11.1.2 Applied Epic Business Overview
11.1.3 Applied Epic Underwriting & Rating Software Introduction
11.1.4 Applied Epic Revenue in Underwriting & Rating Software Business (2019-2024)
11.1.5 Applied Epic Recent Developments
11.2 Oracle Insurance
11.2.1 Oracle Insurance Company Details
11.2.2 Oracle Insurance Business Overview
11.2.3 Oracle Insurance Underwriting & Rating Software Introduction
11.2.4 Oracle Insurance Revenue in Underwriting & Rating Software Business (2019-2024)
11.2.5 Oracle Insurance Recent Developments
11.3 Applied Rater
11.3.1 Applied Rater Company Details
11.3.2 Applied Rater Business Overview
11.3.3 Applied Rater Underwriting & Rating Software Introduction
11.3.4 Applied Rater Revenue in Underwriting & Rating Software Business (2019-2024)
11.3.5 Applied Rater Recent Developments
11.4 QQWebRater
11.4.1 QQWebRater Company Details
11.4.2 QQWebRater Business Overview
11.4.3 QQWebRater Underwriting & Rating Software Introduction
11.4.4 QQWebRater Revenue in Underwriting & Rating Software Business (2019-2024)
11.4.5 QQWebRater Recent Developments
11.5 PolicyCenter
11.5.1 PolicyCenter Company Details
11.5.2 PolicyCenter Business Overview
11.5.3 PolicyCenter Underwriting & Rating Software Introduction
11.5.4 PolicyCenter Revenue in Underwriting & Rating Software Business (2019-2024)
11.5.5 PolicyCenter Recent Developments
11.6 Ifoundry
11.6.1 Ifoundry Company Details
11.6.2 Ifoundry Business Overview
11.6.3 Ifoundry Underwriting & Rating Software Introduction
11.6.4 Ifoundry Revenue in Underwriting & Rating Software Business (2019-2024)
11.6.5 Ifoundry Recent Developments
11.7 OneShield
11.7.1 OneShield Company Details
11.7.2 OneShield Business Overview
11.7.3 OneShield Underwriting & Rating Software Introduction
11.7.4 OneShield Revenue in Underwriting & Rating Software Business (2019-2024)
11.7.5 OneShield Recent Developments
11.8 Duck Creek
11.8.1 Duck Creek Company Details
11.8.2 Duck Creek Business Overview
11.8.3 Duck Creek Underwriting & Rating Software Introduction
11.8.4 Duck Creek Revenue in Underwriting & Rating Software Business (2019-2024)
11.8.5 Duck Creek Recent Developments
11.9 Bridge Rating
11.9.1 Bridge Rating Company Details
11.9.2 Bridge Rating Business Overview
11.9.3 Bridge Rating Underwriting & Rating Software Introduction
11.9.4 Bridge Rating Revenue in Underwriting & Rating Software Business (2019-2024)
11.9.5 Bridge Rating Recent Developments
11.10 Instec
11.10.1 Instec Company Details
11.10.2 Instec Business Overview
11.10.3 Instec Underwriting & Rating Software Introduction
11.10.4 Instec Revenue in Underwriting & Rating Software Business (2019-2024)
11.10.5 Instec Recent Developments
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
Applied Epic
Oracle Insurance
Applied Rater
QQWebRater
PolicyCenter
Ifoundry
OneShield
Duck Creek
Bridge Rating
Instec
听
听
*If Applicable.
