Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Insurance Rating Platform Market by Type (Cloud-Based, On-Premise), By Application (Automobile, Home, Motorcycle, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Insurance Rating Platform Market by Type (Cloud-Based, On-Premise), By Application (Automobile, Home, Motorcycle, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 134115 3300 IT & Telecom 377 245 Pages 4.7 (32)
                                          

The global insurance rating platform market is expected to grow at a CAGR of around 16.5% during the forecast period, from 2021 to 2030. The market is driven by factors such as increasing demand for insurance products and services, growing need for transparency in the industry, and increasing adoption of digital technologies. The global insurance rating platform market is segmented on the basis of type into clouBased and OPremise; on the basis of application into automobile, home, motorcycle; and on the basis of region into North America, Latin America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA).

  1. The increasing number of accidents and thefts are driving the demand for insurance products, which in turn is driving the growth of the Insurance Rating Platform market.
  2. The increasing penetration of smartphones and internet connectivity in developing countries is also driving the growth of this market as it provides an easy way to access information about insurance products and services on-the-go, without having to go through any hassle or wait time for assistance from an agent or broker.
  3. Increasing awareness about insurance products among consumers has led to increased adoption rates among them, which in turn has led to higher demand for these products, thereby fueling the growth of this market during the forecast period.
  4. Increasing penetration rates among millennials have also been a major factor contributing towards this market's growth.

Industry Growth Insights published a new data on “Insurance Rating Platform Market”. The research report is titled “Insurance Rating Platform Market research by Types (Cloud-Based, On-Premise), By Applications (Automobile, Home, Motorcycle, Other), By Players/Companies Vertafore, Applied Systems, EZLynx, ACS, ITC, HawkSoft, QQ Solutions, Sapiens/Maximum Processing, Agency Matrix, Buckhill, InsuredHQ, Zhilian Software”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Insurance Rating Platform Market Research Report

By Type

Cloud-Based, On-Premise

By Application

Automobile, Home, Motorcycle, Other

By Companies

Vertafore, Applied Systems, EZLynx, ACS, ITC, HawkSoft, QQ Solutions, Sapiens/Maximum Processing, Agency Matrix, 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

245

Number of Tables & Figures

172

Customization Available

Yes, the report can be customized as per your need.


Global Insurance Rating Platform Industry Outlook


Global Insurance Rating Platform Market Report Segments:

The global Insurance Rating Platform 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

Automobile, Home, Motorcycle, Other

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:

  1. Vertafore
  2. Applied Systems
  3. EZLynx
  4. ACS
  5. ITC
  6. HawkSoft
  7. QQ Solutions
  8. Sapiens/Maximum Processing
  9. Agency Matrix
  10. Buckhill
  11. InsuredHQ
  12. Zhilian Software

Global Insurance Rating Platform Market Overview


Highlights of The Insurance Rating Platform Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Cloud-Based
    2. On-Premise
  1. By Application:

    1. Automobile
    2. Home
    3. Motorcycle
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Insurance Rating Platform 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

Global Insurance Rating Platform Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Insurance Rating Platform (IRP) is a global rating agency that rates insurance companies and their products. IRP assigns each company a rating, which reflects the quality of its financial strength and ability to pay claims.

Some of the major players in the insurance rating platform market are Vertafore, Applied Systems, EZLynx, ACS, ITC, HawkSoft, QQ Solutions, Sapiens/Maximum Processing, Agency Matrix, Buckhill, InsuredHQ, Zhilian Software.

The insurance rating platform market is expected to grow at a compound annual growth rate of 16.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Insurance Rating Platform Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Insurance Rating Platform Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Insurance Rating Platform Market - Supply Chain
   4.5. Global Insurance Rating Platform Market Forecast
      4.5.1. Insurance Rating Platform Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Insurance Rating Platform Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Insurance Rating Platform Market Absolute $ Opportunity

5. Global Insurance Rating Platform Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Insurance Rating Platform Market Size and Volume Forecast by Type
      5.3.1. Cloud-Based
      5.3.2. On-Premise
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Insurance Rating Platform Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Insurance Rating Platform Market Size and Volume Forecast by Application
      6.3.1. Automobile
      6.3.2. Home
      6.3.3. Motorcycle
      6.3.4. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Insurance Rating Platform Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Insurance Rating Platform Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Insurance Rating Platform Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Insurance Rating Platform Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Insurance Rating Platform Demand Share Forecast, 2019-2029

9. North America Insurance Rating Platform Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Insurance Rating Platform Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Insurance Rating Platform Market Size and Volume Forecast by Application
      9.4.1. Automobile
      9.4.2. Home
      9.4.3. Motorcycle
      9.4.4. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Insurance Rating Platform Market Size and Volume Forecast by Type
      9.7.1. Cloud-Based
      9.7.2. On-Premise
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Insurance Rating Platform Demand Share Forecast, 2019-2029

10. Latin America Insurance Rating Platform Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Insurance Rating Platform Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Insurance Rating Platform Market Size and Volume Forecast by Application
      10.4.1. Automobile
      10.4.2. Home
      10.4.3. Motorcycle
      10.4.4. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Insurance Rating Platform Market Size and Volume Forecast by Type
      10.7.1. Cloud-Based
      10.7.2. On-Premise
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Insurance Rating Platform Demand Share Forecast, 2019-2029

11. Europe Insurance Rating Platform Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Insurance Rating Platform Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Insurance Rating Platform Market Size and Volume Forecast by Application
      11.4.1. Automobile
      11.4.2. Home
      11.4.3. Motorcycle
      11.4.4. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Insurance Rating Platform Market Size and Volume Forecast by Type
      11.7.1. Cloud-Based
      11.7.2. On-Premise
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Insurance Rating Platform Demand Share, 2019-2029

12. Asia Pacific Insurance Rating Platform Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Insurance Rating Platform Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Insurance Rating Platform Market Size and Volume Forecast by Application
      12.4.1. Automobile
      12.4.2. Home
      12.4.3. Motorcycle
      12.4.4. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Insurance Rating Platform Market Size and Volume Forecast by Type
      12.7.1. Cloud-Based
      12.7.2. On-Premise
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Insurance Rating Platform Demand Share, 2019-2029

13. Middle East & Africa Insurance Rating Platform Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Insurance Rating Platform Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Insurance Rating Platform Market Size and Volume Forecast by Application
      13.4.1. Automobile
      13.4.2. Home
      13.4.3. Motorcycle
      13.4.4. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Insurance Rating Platform Market Size and Volume Forecast by Type
      13.7.1. Cloud-Based
      13.7.2. On-Premise
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Insurance Rating Platform Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Insurance Rating Platform Market: Market Share Analysis
   14.2. Insurance Rating Platform Distributors and Customers
   14.3. Insurance Rating Platform Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Vertafore
         14.4.1.1. Overview
         14.4.1.2. Financials
         14.4.1.3. Developments
         14.4.1.4. Strategic Outlook
      14.4.2. Applied Systems
         14.4.2.1. Overview
         14.4.2.2. Financials
         14.4.2.3. Developments
         14.4.2.4. Strategic Outlook
      14.4.3. EZLynx
         14.4.3.1. Overview
         14.4.3.2. Financials
         14.4.3.3. Developments
         14.4.3.4. Strategic Outlook
      14.4.4. ACS
         14.4.4.1. Overview
         14.4.4.2. Financials
         14.4.4.3. Developments
         14.4.4.4. Strategic Outlook
      14.4.5. ITC
         14.4.5.1. Overview
         14.4.5.2. Financials
         14.4.5.3. Developments
         14.4.5.4. Strategic Outlook
      14.4.6. HawkSoft
         14.4.6.1. Overview
         14.4.6.2. Financials
         14.4.6.3. Developments
         14.4.6.4. Strategic Outlook
      14.4.7. QQ Solutions
         14.4.7.1. Overview
         14.4.7.2. Financials
         14.4.7.3. Developments
         14.4.7.4. Strategic Outlook
      14.4.8. Sapiens/Maximum Processing
         14.4.8.1. Overview
         14.4.8.2. Financials
         14.4.8.3. Developments
         14.4.8.4. Strategic Outlook
      14.4.9. Agency Matrix
         14.4.9.1. Overview
         14.4.9.2. Financials
         14.4.9.3. Developments
         14.4.9.4. Strategic Outlook
      14.4.10. Buckhill
         14.4.10.1. Overview
         14.4.10.2. Financials
         14.4.10.3. Developments
         14.4.10.4. Strategic Outlook
      14.4.11. InsuredHQ
         14.4.11.1. Overview
         14.4.11.2. Financials
         14.4.11.3. Developments
         14.4.11.4. Strategic Outlook
      14.4.12. Zhilian Software
         14.4.12.1. Overview
         14.4.12.2. Financials
         14.4.12.3. Developments
         14.4.12.4. Strategic Outlook
      14.4.13. COMPANY 13
         14.4.13.1. Overview
         14.4.13.2. Financials
         14.4.13.3. Developments
         14.4.13.4. Strategic Outlook
      14.4.14. COMPANY 14
         14.4.14.1. Overview
         14.4.14.2. Financials
         14.4.14.3. Developments
         14.4.14.4. Strategic Outlook
      14.4.15. COMPANY 15
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. COMPANY 16
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. COMPANY 17
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. COMPANY 18
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. COMPANY 19
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. COMPANY 20
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

Our Trusted Clients

Contact Us