United States of America [17-July-2025]
The global insurance software market is expected to reach USD 18.5 billion by 2030, growing at a CAGR of 6.8% from 2022 to 2030, according to the latest report by The Insight Partners. This growth reflects the sector’s rapid evolution as insurance providers embrace digital platforms to improve service delivery, enhance operational efficiency, and meet rising customer expectations.
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Transformation Across the Insurance Landscape
From underwriting to claims management, software is reshaping every facet of the insurance value chain. The report highlights several key drivers:
- Rising demand for automation and real-time analytics
- Adoption of cloud-based and SaaS platforms
- Integration of AI, machine learning, and predictive modeling
- Pressure to meet evolving regulatory and compliance requirements
The insurance sector is increasingly turning to software to reduce administrative burdens, mitigate fraud risks, and deliver personalized customer journeys.
Market Breakdown
- Deployment Model: Cloud-based solutions lead due to their scalability and ease of integration.
- Application Area: Life and health insurance software is expected to register the fastest growth, with increased demand for digital health tools and coverage personalization.
- End-User Size: Solutions tailored for small to mid-sized insurers are gaining momentum, especially in emerging markets.
Regional Forecasts
While North America continues to dominate the market due to high digital maturity and strong tech infrastructure, Asia-Pacific is emerging as a hotspot for growth, fueled by insurance market expansion in India, China, and Southeast Asia.
Competitive Landscape
Leading companies profiled in the report include:
- Oracle
- Salesforce
- Guidewire Software
- Sapiens
- SAP
- Microsoft
These players are investing heavily in AI integration, low-code/no-code platforms, and cloud-native ecosystems to deliver modular, scalable insurance solutions.
About The Insight Partners
The Insight Partners is a global market research and advisory firm offering actionable intelligence and deep insights across various industries. Their insurance software market report delivers comprehensive analysis, forecasting, and competitive landscape information through 2031.
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The Insight Partners
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