Overview of the Global Claims Processing Software Market to 2030

ByLance T. Lee

Nov 1, 2022

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DUBLIN, November 1, 2022 /PRNewswire/ — The “Claims Handling Software Market by Component, By Company Size, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030” report has been added to from ResearchAndMarkets.com offer.

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According to this report, the Claims Processing Software market size was valued at $33.9 billion in 2020, and should reach $73.0 billion by 2030, growing at a CAGR of 8.3% from 2021 to 2030.

Insurance claims management software helps insurers manage and evaluate insurance claims. They allow agents to manage the claims process with automated workflows, ensuring that all claim details are recorded in a centralized system. Complaints handling software provides a business with a tool to capture and track a complaint against an order and manage the settlement of complaints.

Claims handling software is used by independent adjusters to streamline the claims management process. Additionally, it allows insurance companies to manage all aspects of claims management within one system for easy access and improved workflow.

Hence, it is a major driving factor for the claims handling software market. Additionally, one of the main benefits of claims management software is that it completely eliminates the need for manual methods. It reduces errors, saves time and increases data accuracy.

Hence, these are some of the factors propelling the growth of the market. However, a major impediment to converting paper-based registration systems into claims processing software is the start-up cost of purchasing the necessary hardware and software, which is a major limiting factor in the claims processing software market. complaints.

On the contrary, claims management software should be the focus of insurance companies in developing countries, as it impacts the business model and subscriber retention strategies. Additionally, many insurance companies have already started to automate their claims process. This decision is expected to create lucrative opportunities for the Claims Processing Software market over the forecast period.

The claims handling software market is segmented on the basis of component, company size, end user and region. By component, it is segmented into software and services. According to the size of the company, it is divided into large companies and small and medium-sized companies. By end user, it is separated into insurance companies, insurance intermediaries, agents and brokers, and others. By region, it is analyzed through North America, Europe, Asia Pacificand LAMEA.

The report analyzes the profiles of key players operating in the Claims Handling Software Market such as A1 Enterprise, Duck Creek Technologies, FINEOS, Hyland Software, Inc., Hawksoft, Inc., HIPPAsuite, Newgen Software Technologies Limited, Pegasystems Inc. , Quick Silver and VENTIV TECHNOLOGY. These players have adopted various strategies to increase their market penetration and strengthen their position in the claims handling software industry.

Main benefits for stakeholders

  • This report provides quantitative analysis of market segments, current trends, estimates and dynamics of Claims Processing Software market share from 2020 to 2030 to identify Claims Processing Software market forecast.

  • Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.

  • In-depth analysis of the Claims Processing Software market outlook segmentation helps in determining the existing market opportunities.

  • The report includes analysis of regional and global Claims Handling Software market trends, key players, market segments, application areas and market growth strategies.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Definition and scope of the market
3.2. Main findings
3.2.1. The best investment pockets
3.3. Porter’s Five Forces Analysis
3.4. Positioning of the best player
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Constraints
3.5.3. Opportunities
3.6. COVID-19 Market Impact Analysis
3.7. Analysis of key regulations

CHAPTER 4: CLAIMS HANDLING SOFTWARE MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market Size and Forecast
4.2 Software
4.2.1 Key Market Trends, Growth Drivers and Opportunities
4.2.2 Market Size and Forecast, by Region
4.2.3 Market Analysis by Countries
4.3 Services
4.3.1 Key Market Trends, Growth Drivers and Opportunities
4.3.2 Market Size and Forecast, by Region
4.3.3 Market Analysis by Countries

CHAPTER 5: CLAIMS HANDLING SOFTWARE MARKET, BY COMPANY SIZE
5.1 Overview
5.1.1 Market Size and Forecast
5.2 Large companies
5.2.1 Key Market Trends, Growth Drivers and Opportunities
5.2.2 Market Size and Forecast, by Region
5.2.3 Market Analysis by Countries
5.3 Small and medium enterprises
5.3.1 Key Market Trends, Growth Drivers and Opportunities
5.3.2 Market Size and Forecast, by Region
5.3.3 Market Analysis by Countries

CHAPTER 6: COMPLAINTS HANDLING SOFTWARE MARKET, BY END-USER
6.1 Overview
6.1.1 Market Size and Forecast
6.2 Insurance companies
6.2.1 Key Market Trends, Growth Drivers and Opportunities
6.2.2 Market Size and Forecast, by Region
6.2.3 Market Analysis by Countries
6.3 Insurance intermediaries
6.3.1 Key Market Trends, Growth Drivers and Opportunities
6.3.2 Market Size and Forecast, by Region
6.3.3 Market Analysis by Countries
6.4 Agents and brokers
6.4.1 Key Market Trends, Growth Drivers and Opportunities
6.4.2 Market Size and Forecast, by Region
6.4.3 Market Analysis by Countries
6.5 Others
6.5.1 Key Market Trends, Growth Drivers and Opportunities
6.5.2 Market Size and Forecast, by Region
6.5.3 Market Analysis by Countries

CHAPTER 7: CLAIMS HANDLING SOFTWARE MARKET, BY REGION

CHAPTER 8: CORPORATE LANDSCAPE
8.1. Introduction
8.2. The best winning strategies
8.3. Top 10 Player Product Mapping
8.4. Competitive Dashboard
8.5. Competitive heatmap
8.6. Main developments

CHAPTER 9: COMPANY PROFILES
9.1 Duck Creek Technologies
9.1.1 Company Overview
9.1.2 Company Overview
9.1.3 Operating business segments
9.1.4 Product Portfolio
9.1.5 Commercial performance
9.1.6 Key strategic moves and developments
9.2 FINOS
9.2.1 Company Overview
9.2.2 Company Overview
9.2.3 Operating business segments
9.2.4 Product Portfolio
9.2.5 Commercial performance
9.2.6 Key Strategic Movements and Developments
9.3 Hyland Software, Inc.
9.3.1 Company Overview
9.3.2 Company Overview
9.3.3 Operating business segments
9.3.4 Product Portfolio
9.3.5 Commercial performance
9.3.6 Key Strategic Movements and Developments
9.4 Hawksoft, Inc.
9.4.1 Company Overview
9.4.2 Company Overview
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Commercial performance
9.4.6 Key strategic moves and developments
9.5 HIPPA Suite
9.5.1 Company Overview
9.5.2 Company Overview
9.5.3 Operating business segments
9.5.4 Product Portfolio
9.5.5 Commercial performance
9.5.6 Key strategic moves and developments
9.6 Newgen Software Technologies Limited
9.6.1 Company Overview
9.6.2 Company Overview
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Commercial performance
9.6.6 Key Strategic Movements and Developments
9.7 Pegasystems Inc.
9.7.1 Company Overview
9.7.2 Company Overview
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Commercial performance
9.7.6 Key Strategic Movements and Developments
9.8 Quick Money
9.8.1 Company Overview
9.8.2 Company Overview
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Commercial performance
9.8.6 Key strategic moves and developments
9.9 VENTIV TECHNOLOGY
9.9.1 Company Overview
9.9.2 Company Overview
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Commercial performance
9.9.6 Key strategic moves and developments
9.10 a1 company, inc.
9.10.1 Company Overview
9.10.2 Company Overview
9.10.3 Operating business segments
9.10.4 Product Portfolio
9.10.5 Commercial performance
9.10.6 Key Strategic Movements and Developments

For more information on this report, visit https://www.researchandmarkets.com/r/jx7ezu

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