Market Overview:
The global insurance agency tools market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cloud-based and on-premise insurance agency tools by large enterprises and SMEs across different regions. North America is expected to hold the largest share of the global insurance agency tools market in 2018, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa.
Product Definition:
Insurance Agency Tools is a software that helps insurance agents manage their clients and policies. It allows agents to track policy information, contact information, and other important data. Insurance Agency Tools can also help agents generate reports on their business performance. The importance of Insurance Agency Tools lies in its ability to help insurance agents manage their business more efficiently.
Cloud-Based:
Cloud-based software is a type of software service that provides solutions to data storage, retrieval and management. The solution includes an operating system (OS), middleware and applications which are used by insurance agencies for claims processing, customer relationship management (CRM) and policy administration. Cloud-based services offer benefits such as reduced cost of ownership & scalability along with flexibility in terms of usage & location.
On-Premise:
On-premise software is a type of cloud computing software that involves using dedicated hardware to process data. The on-premise solution is installed and run from an organization's own server or computer systems. This type of cloud service uses the organization’s existing IT infrastructure, which significantly reduces costs related to buying and setting up new equipment as well as maintenance fees.
Application Insights:
The large enterprises segment accounted for the largest revenue share of over 70% in 2017. The segment is expected to continue its dominance over the forecast period owing to factors such as advanced technology, high management attention and resources dedicated by companies for their operations. Furthermore, a large number of employees also act as a key driver for GIA tools adoption within these organizations.
SMEs are anticipated to be the fastest-growing application sector with a CAGR exceeding 12% from 2018 to 2030. SMEs lack resources and expertise required by larger organizations thus they opts for online insurance agency software that can help them manage their policies and claims efficiently while reducing operating costs significantly. Moreover, an increasing number of startups across various industries is also expected drive growth in this segment during the forecast period which in turn will fuel market expansion further down the road.
Regional Analysis:
The North American region dominated the global arena in 2017 and is expected to maintain its position through 2030. The growth of the region can be attributed to favorable government policies, increasing investments by insurance companies, and technological advancements. Moreover, growing cyber-attacks are driving organizations in this region towards security solutions thereby fueling market growth over the forecast period.
The Asia Pacific regional market is anticipated to witness significant growth over the next eight years owing to a large number of small & medium enterprises (SMEs) operating across various sectors such as manufacturing, retail & consumer goods etc., which pose high risk exposure for losses due to business disruption or accidents.
Growth Factors:
- Increasing demand for insurance products and services
- Rising awareness about the benefits of using insurance agency tools
- Growing number of small businesses and startups
- Proliferation of internet and mobile technologies
- Emergence of cloud-based solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Insurance Agency Tools Market Research Report
By Type
Cloud-Based, On-Premise
By Application
Large Enterprises, SMEs
By Companies
Vertafore, Applied Systems, EZLynx, ACS, ITC, HawkSoft, QQ Solutions, Sapiens/Maximum Processing, Zywave, Xdimensional Tech, Agency Matrix, Jenesis Software, AgencyBloc, AllClients, Impowersoft, Insurance Systems, Buckhill, InsuredHQ, Zhilian Software
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Insurance Agency Tools Market Report Segments:
The global Insurance Agency Tools market is segmented on the basis of:
Types
Cloud-Based, On-Premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Enterprises, SMEs
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vertafore
- Applied Systems
- EZLynx
- ACS
- ITC
- HawkSoft
- QQ Solutions
- Sapiens/Maximum Processing
- Zywave
- Xdimensional Tech
- Agency Matrix
- Jenesis Software
- AgencyBloc
- AllClients
- Impowersoft
- Insurance Systems
- Buckhill
- InsuredHQ
- Zhilian Software
Highlights of The Insurance Agency Tools Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- On-Premise
- By Application:
- Large Enterprises
- SMEs
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Insurance Agency Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Insurance Agency Tools is a website that provides tools and resources for insurance agents. The site includes a search engine, an agent directory, and other tools to help agents manage their businesses.
Some of the major players in the insurance agency tools market are Vertafore, Applied Systems, EZLynx, ACS, ITC, HawkSoft, QQ Solutions, Sapiens/Maximum Processing, Zywave, Xdimensional Tech, Agency Matrix, Jenesis Software, AgencyBloc, AllClients, Impowersoft, Insurance Systems, Buckhill, InsuredHQ, Zhilian Software.
The insurance agency tools market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Insurance Agency Tools Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Insurance Agency Tools Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Insurance Agency Tools Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Insurance Agency Tools Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Insurance Agency Tools Market Size & Forecast, 2018-2028
4.5.1 Insurance Agency Tools Market Size and Y-o-Y Growth
4.5.2 Insurance Agency Tools Market Absolute $ Opportunity
Chapter 5 Global Insurance Agency Tools Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Insurance Agency Tools Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 On-Premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Insurance Agency Tools Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Insurance Agency Tools Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Insurance Agency Tools Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Insurance Agency Tools Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Insurance Agency Tools Analysis and Forecast
9.1 Introduction
9.2 North America Insurance Agency Tools Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Insurance Agency Tools Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 On-Premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Insurance Agency Tools Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Insurance Agency Tools Analysis and Forecast
10.1 Introduction
10.2 Europe Insurance Agency Tools Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Insurance Agency Tools Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 On-Premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Insurance Agency Tools Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Insurance Agency Tools Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Insurance Agency Tools Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Insurance Agency Tools Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 On-Premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Insurance Agency Tools Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Insurance Agency Tools Analysis and Forecast
12.1 Introduction
12.2 Latin America Insurance Agency Tools Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Insurance Agency Tools Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 On-Premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Insurance Agency Tools Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Insurance Agency Tools Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Insurance Agency Tools Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Insurance Agency Tools Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 On-Premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Insurance Agency Tools Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Insurance Agency Tools Market: Competitive Dashboard
14.2 Global Insurance Agency Tools Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vertafore
14.3.2 Applied Systems
14.3.3 EZLynx
14.3.4 ACS
14.3.5 ITC
14.3.6 HawkSoft
14.3.7 QQ Solutions
14.3.8 Sapiens/Maximum Processing
14.3.9 Zywave
14.3.10 Xdimensional Tech
14.3.11 Agency Matrix
14.3.12 Jenesis Software
14.3.13 AgencyBloc
14.3.14 AllClients
14.3.15 Impowersoft
14.3.16 Insurance Systems
14.3.17 Buckhill
14.3.18 InsuredHQ
14.3.19 Zhilian Software
