Global Life Insurance Policy Administration Systems Market Size, Status and Forecast 2021-2027

  • Published Date : 06-09-2021
  • Pages : 107
  • Report Id : 54325
  • Categories : Services

This report focuses on the global Life Insurance Policy Administration Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Life Insurance Policy Administration Systems development in United States, Europe and China.

Life insurance policy administration software helps insurers manage life and annuity insurance policies. Life insurance policy administration systems allow insurers to develop and administer new life, annuity, pension, and health insurance products for clients. Using life insurance policy administration software systems, organizations can design new policies, calculate policy costs, and maintain a record of policies issued to clients. Some systems offer libraries of prebuilt insurance product features that reduce time to market. Life insurance policy administration software systems are commonly used by enterprise insurance organizations to manage existing policies and develop new insurance products. These systems can improve policy flexibility and administration. Life insurance policy administration software systems can be implemented either as a standalone solution or as part of an integrated insurance suite.
The life insurance industry is witnessing shifting trends in the front-office, policy administration, and claims, the three core functions of the insurance value chain. Life insurance firms remain challenged by their inflexible legacy life insurance policy administration systems. Designing innovative products, faster time to market and leveraging modern technology for multi-channel distribution has become essential for life insurers. Hence insurers are looking for life insurance policy administration systems transformation to enhance their operational efficiency with a lower total cost of operations by consolidating their existing systems.
Life insurance policy administration systems market is currently dominated by North America region owing to wide adoption of life insurance policy administration systems in order to improve efficiency and eradicate issues arising due to multiple administration systems. Europe Life Insurance Policy Administration Systems market follows next due to wide adoption of these kind of administration systems in this region. Asia Pacific life insurance policy administration systems market is gradually growing due to the presence of wide customer base in this region.
In 2020, the global Life Insurance Policy Administration Systems market size was xx million US$ and it is expected to reach xx million US$ by the end of 2027, with a CAGR of xx% during 2021-2027.

The key players covered in this study
Accenture
Andesa Services
Concentrix
CSC (CyberLife)
CSC (Wealth Management Accelerator)
EXL
FAST Technology
Infosys McCamish
InsPro Technologies
Majesco
MDI
Mphasis Wyde
Oracle
Sapiens and Vitech Systems Group
Instanda
Andesa

Market segment by Type, the product can be split into
Hardware
Software
Services

Market segment by Application, split into
Life Insurance Policy Management
Insurance Company

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

The study objectives of this report are:
To analyze global Life Insurance Policy Administration Systems status, future forecast, growth opportunity, key market and key players.
To present the Life Insurance Policy Administration Systems development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Life Insurance Policy Administration Systems are as follows:
History Year: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2027
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
End of Summary


Table of Contents

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.1 Global Life Insurance Policy Administration Systems Market Size Growth Rate by Type (2016-2027)
1.4.2 Hardware
1.4.3 Software
1.4.4 Services
1.5 Market by Application
1.5.1 Global Life Insurance Policy Administration Systems Market Share by Application (2016-2027)
1.5.2 Life Insurance Policy Management
1.5.3 Insurance Company
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Life Insurance Policy Administration Systems Market Size
2.2 Life Insurance Policy Administration Systems Growth Trends by Regions
2.2.1 Life Insurance Policy Administration Systems Market Size by Regions (2016-2027)
2.2.2 Life Insurance Policy Administration Systems Market Share by Regions (2016-2021)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Opportunities

3 Market Share by Key Players
3.1 Life Insurance Policy Administration Systems Market Size by Manufacturers
3.1.1 Global Life Insurance Policy Administration Systems Revenue by Manufacturers (2016-2021)
3.1.2 Global Life Insurance Policy Administration Systems Revenue Market Share by Manufacturers (2016-2021)
3.1.3 Global Life Insurance Policy Administration Systems Market Concentration Ratio (CR5 and HHI)
3.2 Life Insurance Policy Administration Systems Key Players Head office and Area Served
3.3 Key Players Life Insurance Policy Administration Systems Product/Solution/Service
3.4 Date of Enter into Life Insurance Policy Administration Systems Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application
4.1 Global Life Insurance Policy Administration Systems Market Size by Type (2016-2021)
4.2 Global Life Insurance Policy Administration Systems Market Size by Application (2016-2021)

5 United States
5.1 United States Life Insurance Policy Administration Systems Market Size (2016-2021)
5.2 Life Insurance Policy Administration Systems Key Players in United States
5.3 United States Life Insurance Policy Administration Systems Market Size by Type
5.4 United States Life Insurance Policy Administration Systems Market Size by Application

6 Europe
6.1 Europe Life Insurance Policy Administration Systems Market Size (2016-2021)
6.2 Life Insurance Policy Administration Systems Key Players in Europe
6.3 Europe Life Insurance Policy Administration Systems Market Size by Type
6.4 Europe Life Insurance Policy Administration Systems Market Size by Application

7 China
7.1 China Life Insurance Policy Administration Systems Market Size (2016-2021)
7.2 Life Insurance Policy Administration Systems Key Players in China
7.3 China Life Insurance Policy Administration Systems Market Size by Type
7.4 China Life Insurance Policy Administration Systems Market Size by Application

8 Japan
8.1 Japan Life Insurance Policy Administration Systems Market Size (2016-2021)
8.2 Life Insurance Policy Administration Systems Key Players in Japan
8.3 Japan Life Insurance Policy Administration Systems Market Size by Type
8.4 Japan Life Insurance Policy Administration Systems Market Size by Application

9 Southeast Asia
9.1 Southeast Asia Life Insurance Policy Administration Systems Market Size (2016-2021)
9.2 Life Insurance Policy Administration Systems Key Players in Southeast Asia
9.3 Southeast Asia Life Insurance Policy Administration Systems Market Size by Type
9.4 Southeast Asia Life Insurance Policy Administration Systems Market Size by Application

10 India
10.1 India Life Insurance Policy Administration Systems Market Size (2016-2021)
10.2 Life Insurance Policy Administration Systems Key Players in India
10.3 India Life Insurance Policy Administration Systems Market Size by Type
10.4 India Life Insurance Policy Administration Systems Market Size by Application

11 Central & South America
11.1 Central & South America Life Insurance Policy Administration Systems Market Size (2016-2021)
11.2 Life Insurance Policy Administration Systems Key Players in Central & South America
11.3 Central & South America Life Insurance Policy Administration Systems Market Size by Type
11.4 Central & South America Life Insurance Policy Administration Systems Market Size by Application

12 International Players Profiles
12.1 Accenture
12.1.1 Accenture Company Details
12.1.2 Company Description and Business Overview
12.1.3 Life Insurance Policy Administration Systems Introduction
12.1.4 Accenture Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.1.5 Accenture Recent Development
12.2 Andesa Services
12.2.1 Andesa Services Company Details
12.2.2 Company Description and Business Overview
12.2.3 Life Insurance Policy Administration Systems Introduction
12.2.4 Andesa Services Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.2.5 Andesa Services Recent Development
12.3 Concentrix
12.3.1 Concentrix Company Details
12.3.2 Company Description and Business Overview
12.3.3 Life Insurance Policy Administration Systems Introduction
12.3.4 Concentrix Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.3.5 Concentrix Recent Development
12.4 CSC (CyberLife)
12.4.1 CSC (CyberLife) Company Details
12.4.2 Company Description and Business Overview
12.4.3 Life Insurance Policy Administration Systems Introduction
12.4.4 CSC (CyberLife) Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.4.5 CSC (CyberLife) Recent Development
12.5 CSC (Wealth Management Accelerator)
12.5.1 CSC (Wealth Management Accelerator) Company Details
12.5.2 Company Description and Business Overview
12.5.3 Life Insurance Policy Administration Systems Introduction
12.5.4 CSC (Wealth Management Accelerator) Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.5.5 CSC (Wealth Management Accelerator) Recent Development
12.6 EXL
12.6.1 EXL Company Details
12.6.2 Company Description and Business Overview
12.6.3 Life Insurance Policy Administration Systems Introduction
12.6.4 EXL Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.6.5 EXL Recent Development
12.7 FAST Technology
12.7.1 FAST Technology Company Details
12.7.2 Company Description and Business Overview
12.7.3 Life Insurance Policy Administration Systems Introduction
12.7.4 FAST Technology Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.7.5 FAST Technology Recent Development
12.8 Infosys McCamish
12.8.1 Infosys McCamish Company Details
12.8.2 Company Description and Business Overview
12.8.3 Life Insurance Policy Administration Systems Introduction
12.8.4 Infosys McCamish Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.8.5 Infosys McCamish Recent Development
12.9 InsPro Technologies
12.9.1 InsPro Technologies Company Details
12.9.2 Company Description and Business Overview
12.9.3 Life Insurance Policy Administration Systems Introduction
12.9.4 InsPro Technologies Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.9.5 InsPro Technologies Recent Development
12.10 Majesco
12.10.1 Majesco Company Details
12.10.2 Company Description and Business Overview
12.10.3 Life Insurance Policy Administration Systems Introduction
12.10.4 Majesco Revenue in Life Insurance Policy Administration Systems Business (2016-2021)
12.10.5 Majesco Recent Development
12.11 MDI
12.12 Mphasis Wyde
12.13 Oracle
12.14 Sapiens and Vitech Systems Group
12.15 Instanda
12.16 Andesa

13 Market Forecast 2021-2027
13.1 Market Size Forecast by Regions
13.2 United States
13.3 Europe
13.4 China
13.5 Japan
13.6 Southeast Asia
13.7 India
13.8 Central & South America
13.9 Market Size Forecast by Product (2021-2027)
13.10 Market Size Forecast by Application (2021-2027)

14 Analyst's Viewpoints/Conclusions

15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.1.1 Research Programs/Design
15.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
15.1.2 Data Source
15.1.2.1 Secondary Sources
15.1.2.2 Primary Sources
15.2 Disclaimer
15.3 Author Details
List of Tables and Figures

Table Life Insurance Policy Administration Systems Key Market Segments
Table Key Players Life Insurance Policy Administration Systems Covered
Table Global Life Insurance Policy Administration Systems Market Size Growth Rate by Type 2016-2027 (Million US$)
Figure Global Life Insurance Policy Administration Systems Market Size Market Share by Type 2016-2027
Figure Hardware Figures
Table Key Players of Hardware
Figure Software Figures
Table Key Players of Software
Figure Services Figures
Table Key Players of Services
Table Global Life Insurance Policy Administration Systems Market Size Growth by Application 2016-2027 (Million US$)
Figure Life Insurance Policy Management Case Studies
Figure Insurance Company Case Studies
Figure Life Insurance Policy Administration Systems Report Years Considered
Table Global Life Insurance Policy Administration Systems Market Size 2016-2027 (Million US$)
Figure Global Life Insurance Policy Administration Systems Market Size and Growth Rate 2016-2027 (Million US$)
Table Global Life Insurance Policy Administration Systems Market Size by Regions 2016-2027 (Million US$)
Table Global Life Insurance Policy Administration Systems Market Size by Regions 2016-2021 (Million US$)
Table Global Life Insurance Policy Administration Systems Market Share by Regions 2016-2021
Figure Global Life Insurance Policy Administration Systems Market Share by Regions 2016-2021
Figure Global Life Insurance Policy Administration Systems Market Share by Regions 2021
Table Market Top Trends
Table Global Life Insurance Policy Administration Systems Revenue by Manufacturers (2016-2021) (Million US$)
Table Global Life Insurance Policy Administration Systems Market Share by Manufacturers (2016-2021)
Figure Global Life Insurance Policy Administration Systems Market Share by Manufacturers in 2021
Table Global Life Insurance Policy Administration Systems Manufacturers Market Concentration Ratio (CR5 and HHI)
Table Key Players Head office and Area Served
Table Key Players Life Insurance Policy Administration Systems Product/Solution/Service
Table Date of Enter into Life Insurance Policy Administration Systems Market
Table Mergers & Acquisitions, Expansion Plans
Table Global Life Insurance Policy Administration Systems Market Size by Type (2016-2021) (Million US$)
Table Global Life Insurance Policy Administration Systems Market Size Share by Type (2016-2021)
Figure Global Life Insurance Policy Administration Systems Market Size Market Share by Type (2016-2021)
Table Global Life Insurance Policy Administration Systems Market Size by Application (2016-2021) (Million US$)
Table Global Life Insurance Policy Administration Systems Market Size Share by Application (2016-2021)
Figure Global Life Insurance Policy Administration Systems Market Size Market Share by Application (2016-2021)
Figure Global Life Insurance Policy Administration Systems Revenue Market Share by Application in 2020
Figure United States Life Insurance Policy Administration Systems Market Size 2016-2021 (Million US$)
Table United States Key Players Life Insurance Policy Administration Systems Revenue (2020-2021) (Million US$)
Table United States Key Players Life Insurance Policy Administration Systems Market Share (2020-2021)
Table United States Life Insurance Policy Administration Systems Market Size by Type (2016-2021) (Million US$)
Table United States Life Insurance Policy Administration Systems Market Share by Type (2016-2021)
Table United States Life Insurance Policy Administration Systems Market Size by Application (2016-2021) (Million US$)
Table United States Life Insurance Policy Administration Systems Market Share by Application (2016-2021)
Figure Europe Life Insurance Policy Administration Systems Market Size 2016-2021 (Million US$)
Table Europe Key Players Life Insurance Policy Administration Systems Revenue (2020-2021) (Million US$)
Table Europe Key Players Life Insurance Policy Administration Systems Market Share (2020-2021)
Table Europe Life Insurance Policy Administration Systems Market Size by Type (2016-2021) (Million US$)
Table Europe Life Insurance Policy Administration Systems Market Share by Type (2016-2021)
Table Europe Life Insurance Policy Administration Systems Market Size by Application (2016-2021) (Million US$)
Table Europe Life Insurance Policy Administration Systems Market Share by Application (2016-2021)
Figure China Life Insurance Policy Administration Systems Market Size 2016-2021 (Million US$)
Table China Key Players Life Insurance Policy Administration Systems Revenue (2020-2021) (Million US$)
Table China Key Players Life Insurance Policy Administration Systems Market Share (2020-2021)
Table China Life Insurance Policy Administration Systems Market Size by Type (2016-2021) (Million US$)
Table China Life Insurance Policy Administration Systems Market Share by Type (2016-2021)
Table China Life Insurance Policy Administration Systems Market Size by Application (2016-2021) (Million US$)
Table China Life Insurance Policy Administration Systems Market Share by Application (2016-2021)
Figure Japan Life Insurance Policy Administration Systems Market Size 2016-2021 (Million US$)
Table Japan Key Players Life Insurance Policy Administration Systems Revenue (2020-2021) (Million US$)
Table Japan Key Players Life Insurance Policy Administration Systems Market Share (2020-2021)
Table Japan Life Insurance Policy Administration Systems Market Size by Type (2016-2021) (Million US$)
Table Japan Life Insurance Policy Administration Systems Market Share by Type (2016-2021)
Table Japan Life Insurance Policy Administration Systems Market Size by Application (2016-2021) (Million US$)
Table Japan Life Insurance Policy Administration Systems Market Share by Application (2016-2021)
Figure Southeast Asia Life Insurance Policy Administration Systems Market Size 2016-2021 (Million US$)
Table Southeast Asia Key Players Life Insurance Policy Administration Systems Revenue (2020-2021) (Million US$)
Table Southeast Asia Key Players Life Insurance Policy Administration Systems Market Share (2020-2021)
Table Southeast Asia Life Insurance Policy Administration Systems Market Size by Type (2016-2021) (Million US$)
Table Southeast Asia Life Insurance Policy Administration Systems Market Share by Type (2016-2021)
Table Southeast Asia Life Insurance Policy Administration Systems Market Size by Application (2016-2021) (Million US$)
Table Southeast Asia Life Insurance Policy Administration Systems Market Share by Application (2016-2021)
Figure India Life Insurance Policy Administration Systems Market Size 2016-2021 (Million US$)
Table India Key Players Life Insurance Policy Administration Systems Revenue (2020-2021) (Million US$)
Table India Key Players Life Insurance Policy Administration Systems Market Share (2020-2021)
Table India Life Insurance Policy Administration Systems Market Size by Type (2016-2021) (Million US$)
Table India Life Insurance Policy Administration Systems Market Share by Type (2016-2021)
Table India Life Insurance Policy Administration Systems Market Size by Application (2016-2021) (Million US$)
Table India Life Insurance Policy Administration Systems Market Share by Application (2016-2021)
Figure Central & South America Life Insurance Policy Administration Systems Market Size 2016-2021 (Million US$)
Table Central & South America Key Players Life Insurance Policy Administration Systems Revenue (2020-2021) (Million US$)
Table Central & South America Key Players Life Insurance Policy Administration Systems Market Share (2020-2021)
Table Central & South America Life Insurance Policy Administration Systems Market Size by Type (2016-2021) (Million US$)
Table Central & South America Life Insurance Policy Administration Systems Market Share by Type (2016-2021)
Table Central & South America Life Insurance Policy Administration Systems Market Size by Application (2016-2021) (Million US$)
Table Central & South America Life Insurance Policy Administration Systems Market Share by Application (2016-2021)
Table Accenture Company Details
Table Accenture Revenue in Life Insurance Policy Administration Systems Business (2016-2021) (Million US$)
Figure Accenture Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2016-2021)
Table Accenture Recent Development
Table Andesa Services Company Details
Table Andesa Services Revenue in Life Insurance Policy Administration Systems Business (2016-2021)(Million US$)
Figure Andesa Services Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2016-2021)
Table Andesa Services Recent Development
Table Concentrix Company Details
Table Concentrix Revenue in Life Insurance Policy Administration Systems Business (2016-2021)(Million US$)
Figure Concentrix Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2016-2021)
Table Concentrix Recent Development
Table CSC (CyberLife) Company Details
Table CSC (CyberLife) Revenue in Life Insurance Policy Administration Systems Business (2016-2021)(Million US$)
Figure CSC (CyberLife) Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2016-2021)
Table CSC (CyberLife) Recent Development
Table CSC (Wealth Management Accelerator) Company Details
Table CSC (Wealth Management Accelerator) Revenue in Life Insurance Policy Administration Systems Business (2016-2021)(Million US$)
Figure CSC (Wealth Management Accelerator) Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2016-2021)
Table CSC (Wealth Management Accelerator) Recent Development
Table EXL Company Details
Table EXL Revenue in Life Insurance Policy Administration Systems Business (2016-2021)(Million US$)
Figure EXL Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2016-2021)
Table EXL Recent Development
Table FAST Technology Company Details
Table FAST Technology Revenue in Life Insurance Policy Administration Systems Business (2016-2021)(Million US$)
Figure FAST Technology Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2016-2021)
Table FAST Technology Recent Development
Table Infosys McCamish Company Details
Table Infosys McCamish Revenue in Life Insurance Policy Administration Systems Business (2016-2021)(Million US$)
Figure Infosys McCamish Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2016-2021)
Table Infosys McCamish Recent Development
Table InsPro Technolo

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