According to the report, The High Demand for cloud Based Solutions
is one of the primary growth factors for the market. The growing Insurance industry across the Globe
is also expected to contribute significantly to the Non-Life-Insurance Platforms market. Overall, Automotive and Transportation
applications of Non-Life-Insurance Platforms, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.
AMAs Analyst on the Global Non-Life-Insurance Platforms Market identified that the demand is rising in many different parts of the world due to "Technological Advancement and Innovation in the Insurance Solutions in the Developing Countries
". Furthermore, some recent industry insights like "On 12th February 2020, Verisk, a leading data analytics provider, and Duck Creek Technologies, a leading provider of core system solutions for the property/casualty insurance industry, announced today additional Verisk underwriting solutions, available on Duck Creek’s Content Exchange, that will enable insurer customers to easily access robust data on applicants’ previous coverage and loss history." is constantly making the industry dynamic. One of the challenges that industry facing is "Lack of awareness and skilled workforce to utilize insurance software"
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Non-Life-Insurance Platforms market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Non-Life-Insurance Platforms market and other related sub-markets covered in the study.
o Key & emerging players in the Non-Life-Insurance Platforms market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Non-Life-Insurance Platforms market size is calculated using market estimation process, the Non-Life-Insurance Platforms market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Non-Life-Insurance Platforms market size has been validated using both top-down and bottom-up approaches.