This market provides a lens into the North American market for P&C core platforms aimed at Tier 1, Tier 2 and midsize Tier 3 P&C insurers. These insurers have at least $50 million or more in direct written premium (DWP) or the equivalent.Gartner defines the North American P&C core platform market as composed of offerings that are aligned with the digital business technology platform. These core platforms include elements such as: • Core systems, including core modules for: o Policy management o Billing management o Claims management • Data repository • Reporting and analytics • Portals and apps • Integration accelerators
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the P&C Core Platform market in 2020.
COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
This report also analyses the impact of Coronavirus COVID-19 on the P&C Core Platform industry.
Based on our recent survey, we have several different scenarios about the P&C Core Platform YoY growth rate for 2020. The probable scenario is expected to grow by a xx% in 2020 and the revenue will be xx in 2020 from US$ xx million in 2019. The market size of P&C Core Platform will reach xx in 2026, with a CAGR of xx% from 2020 to 2026.
Global P&C Core Platform market: Drivers and Restraints
This section covers the various factors driving the global P&C Core Platform market. To understand the growth of the market it is important to analyze the various drivers present the market. It provides data by value and volume of different regions and their respective manufacturers. This data will elaborate on the market share occupied by them, predict their revenue concerning strategies, and how they will grow in the future. After explaining the drivers, the report further evaluates the new opportunities and current trends in the market.
Market restraints are factors hampering market growth. Studying these factors is equally pivotal as they help a reader need understand the weaknesses of the market.
Global P&C Core Platform market: Segment Analysis
The global P&C Core Platform market is split into two segments, type, and application. The product type briefs on the various types of products available in the market. The report also provides data for each product type by revenue for the forecast time period. It covers the price of each type of product. The other segment on the report, application, explains the various uses of the product and end-users. In the report, the researchers have also provided revenue according to the consumption of the product.
Global P&C Core Platform market: Regional Analysis
The major regions covered in the report are North America, Europe, China, Rest of Asia Pacific, Central & South America, Middle East & Africa, etc. It includes revenue analysis of each region for the year 2015 to 2026.
Global P&C Core Platform market: Key Players
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
By the type, the market is primarily split into
Cloud-Based
On-Premises
By the application, this report covers the following segments
Large Enterprises (1000+Users)
Medium-Sized Enterprise (499-1000 Users)
Small Enterprises (1-499Users)
Competitive Landscape:
The P&C Core Platform key manufacturers in this market include:
Sapiens
Majesco
BriteCore
Insurity
Insuresoft
EIS Group
Guidewire
Tia Technology
Duck Creek
SAP
1 Market Overview of P&C Core Platform
1.1 P&C Core Platform Market Overview
1.1.1 P&C Core Platform Product Scope
1.1.2 Market Status and Outlook
1.2 Global P&C Core Platform Market Size Overview by Region 2015 VS 2020 VS 2026
1.3 Global P&C Core Platform Market Size by Region (2015-2026)
1.4 Global P&C Core Platform Historic Market Size by Region (2015-2020)
1.5 Global P&C Core Platform Market Size Forecast by Region (2021-2026)
Summary: Get latest Market Research Reports on P&C Core Platform. Industry analysis & Market Report on P&C Core Platform is a syndicated market report, published as Global P&C Core Platform Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application. It is complete Research Study and Industry Analysis of P&C Core Platform market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.