Global Life Insurance Software Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Report ID: GIR-BS-5966 | Category: Service & Software | Pages: 111 | Format: PDF | Published Date: April 17,2023

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Report Description
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Report Summary

Life insurance software helps agents and brokers automate different operations such as issuing policies, collecting premiums and processing claims. Such solutions also allow customers to view details of their policies, raise claims using web forms and pay their premiums via a self-service online portal.
According to our (Global Info Research) latest study, the global Life Insurance Software market size was valued at USD 6757 million in 2022 and is forecast to a readjusted size of USD 9799.9 million by 2029 with a CAGR of 5.5% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The Life Insurance Software market consists of a well-established group of brand name manufacturers and new entrants. 
The world TOP players in the Life Insurance Software market are Salesforce, Microsoft, SAP, Vertafore, IBM, Applied Systems Inc., Oracle, Sapiens International Corporation, Adobe, Accenture, Ebix, ACI, Sinosoft, Hyland Software, Aptitude Software, EIS Group, HawkSoft and so on. These Top companies currently account for more than 58% of the total market share and are expected to retain their dominating hold over the market during the forecast period. As consumer interest increases, this market will attract other major companies which want to extend their brand equity.
This report is a detailed and comprehensive analysis for global Life Insurance Software market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Life Insurance Software market size and forecasts, in consumption value ($ Million), 2018-2029
Global Life Insurance Software market size and forecasts by region and country, in consumption value ($ Million), 2018-2029
Global Life Insurance Software market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029
Global Life Insurance Software market shares of main players, in revenue ($ Million), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Life Insurance Software
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Life Insurance Software market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Salesforce, Microsoft, SAP, Vertafore and IBM, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market segmentation
Life Insurance Software market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
    On-Premise
    Cloud-Based
Market segment by Application
    Term Life
    Annuity
    Whole Life
    Group Life
    Unit-linked
Market segment by players, this report covers
    Salesforce
    Microsoft
    SAP
    Vertafore
    IBM
    Applied Systems Inc.
    Oracle
    Sapiens International Corporation
    Adobe
    Accenture
    Ebix
    ACI
    Sinosoft
    Hyland Software
    Aptitude Software
    EIS Group
    HawkSoft
Market segment by regions, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
    South America (Brazil, Argentina and Rest of South America)
    Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Life Insurance Software product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Life Insurance Software, with revenue, gross margin and global market share of Life Insurance Software from 2018 to 2023.
Chapter 3, the Life Insurance Software competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and Life Insurance Software market forecast, by regions, type and application, with consumption value, from 2024 to 2029.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War
Chapter 12, the key raw materials and key suppliers, and industry chain of Life Insurance Software.
Chapter 13, to describe Life Insurance Software research findings and conclusion.

1 Market Overview
    1.1 Product Overview and Scope of Life Insurance Software
    1.2 Market Estimation Caveats and Base Year
    1.3 Classification of Life Insurance Software by Type
        1.3.1 Overview: Global Life Insurance Software Market Size by Type: 2018 Versus 2022 Versus 2029
        1.3.2 Global Life Insurance Software Consumption Value Market Share by Type in 2022
        1.3.3 On-Premise
        1.3.4 Cloud-Based
    1.4 Global Life Insurance Software Market by Application
        1.4.1 Overview: Global Life Insurance Software Market Size by Application: 2018 Versus 2022 Versus 2029
        1.4.2 Term Life
        1.4.3 Annuity
        1.4.4 Whole Life
        1.4.5 Group Life
        1.4.6 Unit-linked
    1.5 Global Life Insurance Software Market Size & Forecast
    1.6 Global Life Insurance Software Market Size and Forecast by Region
        1.6.1 Global Life Insurance Software Market Size by Region: 2018 VS 2022 VS 2029
        1.6.2 Global Life Insurance Software Market Size by Region, (2018-2029)
        1.6.3 North America Life Insurance Software Market Size and Prospect (2018-2029)
        1.6.4 Europe Life Insurance Software Market Size and Prospect (2018-2029)
        1.6.5 Asia-Pacific Life Insurance Software Market Size and Prospect (2018-2029)
        1.6.6 South America Life Insurance Software Market Size and Prospect (2018-2029)
        1.6.7 Middle East and Africa Life Insurance Software Market Size and Prospect (2018-2029)
2 Company Profiles
    2.1 Salesforce
        2.1.1 Salesforce Details
        2.1.2 Salesforce Major Business
        2.1.3 Salesforce Life Insurance Software Product and Solutions
        2.1.4 Salesforce Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.1.5 Salesforce Recent Developments and Future Plans
    2.2 Microsoft
        2.2.1 Microsoft Details
        2.2.2 Microsoft Major Business
        2.2.3 Microsoft Life Insurance Software Product and Solutions
        2.2.4 Microsoft Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.2.5 Microsoft Recent Developments and Future Plans
    2.3 SAP
        2.3.1 SAP Details
        2.3.2 SAP Major Business
        2.3.3 SAP Life Insurance Software Product and Solutions
        2.3.4 SAP Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.3.5 SAP Recent Developments and Future Plans
    2.4 Vertafore
        2.4.1 Vertafore Details
        2.4.2 Vertafore Major Business
        2.4.3 Vertafore Life Insurance Software Product and Solutions
        2.4.4 Vertafore Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.4.5 Vertafore Recent Developments and Future Plans
    2.5 IBM
        2.5.1 IBM Details
        2.5.2 IBM Major Business
        2.5.3 IBM Life Insurance Software Product and Solutions
        2.5.4 IBM Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.5.5 IBM Recent Developments and Future Plans
    2.6 Applied Systems Inc.
        2.6.1 Applied Systems Inc. Details
        2.6.2 Applied Systems Inc. Major Business
        2.6.3 Applied Systems Inc. Life Insurance Software Product and Solutions
        2.6.4 Applied Systems Inc. Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.6.5 Applied Systems Inc. Recent Developments and Future Plans
    2.7 Oracle
        2.7.1 Oracle Details
        2.7.2 Oracle Major Business
        2.7.3 Oracle Life Insurance Software Product and Solutions
        2.7.4 Oracle Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.7.5 Oracle Recent Developments and Future Plans
    2.8 Sapiens International Corporation
        2.8.1 Sapiens International Corporation Details
        2.8.2 Sapiens International Corporation Major Business
        2.8.3 Sapiens International Corporation Life Insurance Software Product and Solutions
        2.8.4 Sapiens International Corporation Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.8.5 Sapiens International Corporation Recent Developments and Future Plans
    2.9 Adobe
        2.9.1 Adobe Details
        2.9.2 Adobe Major Business
        2.9.3 Adobe Life Insurance Software Product and Solutions
        2.9.4 Adobe Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.9.5 Adobe Recent Developments and Future Plans
    2.10 Accenture 
        2.10.1 Accenture Details
        2.10.2 Accenture Major Business
        2.10.3 Accenture Life Insurance Software Product and Solutions
        2.10.4 Accenture Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.10.5 Accenture Recent Developments and Future Plans
    2.11 Ebix
        2.11.1 Ebix Details
        2.11.2 Ebix Major Business
        2.11.3 Ebix Life Insurance Software Product and Solutions
        2.11.4 Ebix Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.11.5 Ebix Recent Developments and Future Plans
    2.12 ACI
        2.12.1 ACI Details
        2.12.2 ACI Major Business
        2.12.3 ACI Life Insurance Software Product and Solutions
        2.12.4 ACI Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.12.5 ACI Recent Developments and Future Plans
    2.13 Sinosoft
        2.13.1 Sinosoft Details
        2.13.2 Sinosoft Major Business
        2.13.3 Sinosoft Life Insurance Software Product and Solutions
        2.13.4 Sinosoft Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.13.5 Sinosoft Recent Developments and Future Plans
    2.14 Hyland Software
        2.14.1 Hyland Software Details
        2.14.2 Hyland Software Major Business
        2.14.3 Hyland Software Life Insurance Software Product and Solutions
        2.14.4 Hyland Software Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.14.5 Hyland Software Recent Developments and Future Plans
    2.15 Aptitude Software
        2.15.1 Aptitude Software Details
        2.15.2 Aptitude Software Major Business
        2.15.3 Aptitude Software Life Insurance Software Product and Solutions
        2.15.4 Aptitude Software Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.15.5 Aptitude Software Recent Developments and Future Plans
    2.16 EIS Group
        2.16.1 EIS Group Details
        2.16.2 EIS Group Major Business
        2.16.3 EIS Group Life Insurance Software Product and Solutions
        2.16.4 EIS Group Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.16.5 EIS Group Recent Developments and Future Plans
    2.17 HawkSoft
        2.17.1 HawkSoft Details
        2.17.2 HawkSoft Major Business
        2.17.3 HawkSoft Life Insurance Software Product and Solutions
        2.17.4 HawkSoft Life Insurance Software Revenue, Gross Margin and Market Share (2018-2023)
        2.17.5 HawkSoft Recent Developments and Future Plans
3 Market Competition, by Players
    3.1 Global Life Insurance Software Revenue and Share by Players (2018-2023)
    3.2 Market Share Analysis (2022)
        3.2.1 Market Share of Life Insurance Software by Company Revenue
        3.2.2 Top 3 Life Insurance Software Players Market Share in 2022
        3.2.3 Top 6 Life Insurance Software Players Market Share in 2022
    3.3 Life Insurance Software Market: Overall Company Footprint Analysis
        3.3.1 Life Insurance Software Market: Region Footprint
        3.3.2 Life Insurance Software Market: Company Product Type Footprint
        3.3.3 Life Insurance Software Market: Company Product Application Footprint
    3.4 New Market Entrants and Barriers to Market Entry
    3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
    4.1 Global Life Insurance Software Consumption Value and Market Share by Type (2018-2023)
    4.2 Global Life Insurance Software Market Forecast by Type (2024-2029)
5 Market Size Segment by Application
    5.1 Global Life Insurance Software Consumption Value Market Share by Application (2018-2023)
    5.2 Global Life Insurance Software Market Forecast by Application (2024-2029)
6 North America
    6.1 North America Life Insurance Software Consumption Value by Type (2018-2029)
    6.2 North America Life Insurance Software Consumption Value by Application (2018-2029)
    6.3 North America Life Insurance Software Market Size by Country
        6.3.1 North America Life Insurance Software Consumption Value by Country (2018-2029)
        6.3.2 United States Life Insurance Software Market Size and Forecast (2018-2029)
        6.3.3 Canada Life Insurance Software Market Size and Forecast (2018-2029)
        6.3.4 Mexico Life Insurance Software Market Size and Forecast (2018-2029)
7 Europe
    7.1 Europe Life Insurance Software Consumption Value by Type (2018-2029)
    7.2 Europe Life Insurance Software Consumption Value by Application (2018-2029)
    7.3 Europe Life Insurance Software Market Size by Country
        7.3.1 Europe Life Insurance Software Consumption Value by Country (2018-2029)
        7.3.2 Germany Life Insurance Software Market Size and Forecast (2018-2029)
        7.3.3 France Life Insurance Software Market Size and Forecast (2018-2029)
        7.3.4 United Kingdom Life Insurance Software Market Size and Forecast (2018-2029)
        7.3.5 Russia Life Insurance Software Market Size and Forecast (2018-2029)
        7.3.6 Italy Life Insurance Software Market Size and Forecast (2018-2029)
8 Asia-Pacific
    8.1 Asia-Pacific Life Insurance Software Consumption Value by Type (2018-2029)
    8.2 Asia-Pacific Life Insurance Software Consumption Value by Application (2018-2029)
    8.3 Asia-Pacific Life Insurance Software Market Size by Region
        8.3.1 Asia-Pacific Life Insurance Software Consumption Value by Region (2018-2029)
        8.3.2 China Life Insurance Software Market Size and Forecast (2018-2029)
        8.3.3 Japan Life Insurance Software Market Size and Forecast (2018-2029)
        8.3.4 South Korea Life Insurance Software Market Size and Forecast (2018-2029)
        8.3.5 India Life Insurance Software Market Size and Forecast (2018-2029)
        8.3.6 Southeast Asia Life Insurance Software Market Size and Forecast (2018-2029)
        8.3.7 Australia Life Insurance Software Market Size and Forecast (2018-2029)
9 South America
    9.1 South America Life Insurance Software Consumption Value by Type (2018-2029)
    9.2 South America Life Insurance Software Consumption Value by Application (2018-2029)
    9.3 South America Life Insurance Software Market Size by Country
        9.3.1 South America Life Insurance Software Consumption Value by Country (2018-2029)
        9.3.2 Brazil Life Insurance Software Market Size and Forecast (2018-2029)
        9.3.3 Argentina Life Insurance Software Market Size and Forecast (2018-2029)
10 Middle East & Africa
    10.1 Middle East & Africa Life Insurance Software Consumption Value by Type (2018-2029)
    10.2 Middle East & Africa Life Insurance Software Consumption Value by Application (2018-2029)
    10.3 Middle East & Africa Life Insurance Software Market Size by Country
        10.3.1 Middle East & Africa Life Insurance Software Consumption Value by Country (2018-2029)
        10.3.2 Turkey Life Insurance Software Market Size and Forecast (2018-2029)
        10.3.3 Saudi Arabia Life Insurance Software Market Size and Forecast (2018-2029)
        10.3.4 UAE Life Insurance Software Market Size and Forecast (2018-2029)
11 Market Dynamics
    11.1 Life Insurance Software Market Drivers
    11.2 Life Insurance Software Market Restraints
    11.3 Life Insurance Software Trends Analysis
    11.4 Porters Five Forces Analysis
        11.4.1 Threat of New Entrants
        11.4.2 Bargaining Power of Suppliers
        11.4.3 Bargaining Power of Buyers
        11.4.4 Threat of Substitutes
        11.4.5 Competitive Rivalry
    11.5 Influence of COVID-19 and Russia-Ukraine War
        11.5.1 Influence of COVID-19
        11.5.2 Influence of Russia-Ukraine War
12 Industry Chain Analysis
    12.1 Life Insurance Software Industry Chain
    12.2 Life Insurance Software Upstream Analysis
    12.3 Life Insurance Software Midstream Analysis
    12.4 Life Insurance Software Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
    14.1 Methodology
    14.2 Research Process and Data Source
    14.3 Disclaimer

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Global Life Insurance Software Market 2023 by Company, Regions, Type and Application, Forecast to 2029

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