Edison, NJ -- (SBWIRE) -- 08/26/2020 -- Insurance compliance software is designed to assist insurance providers to meet complicated regulatory guidelines which differ on both the state and national levels. The policy providers should meet the regulations of each state. This software help insurance agencies address to meet compliance challenges, streamlining the process of maintaining compliance. The major benefits of insurance compliance software are consolidating compliance activities, ensures timely and accurate reporting, navigates multi-state filings, monitors compliance activity.
AMA Research published a new research publication on "Global Insurance Compliance Software Market Insights, to 2025" with 150+ pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Insurance Compliance Software market was mainly driven by the increasing R&D spending across the world, however latest COVID scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are Applied Epic (United States), EZLynx (United States), Vertafore, Inc. (United States), Fiserv (United States), Oracle (United States), Rhoads Online (United States), AgencyZoom (United States), Hearsay Systems, Inc. (United States), Xanatek (United States) and Insurance Technologies Corporation (United States).
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Market Drivers
- Increasing Internal and External Environment Complexity
- Rising Government Regulations
Market Trend
- High Adoption of Data Visualization Tools
- Growing Concern towards Data Privacy
Restraints
- Lack of Awareness in Underdeveloped Countries
Opportunities
- Increasing Number of Organization across the Globe
Market Competition
This report covers the recent COVID-19 incidence and its impact on Global Insurance Compliance Software Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market. Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity like merger & Acquisitions, JVs, Product launch etc. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Global Insurance Compliance Software Market. The study highlights how competition will change dynamics in the coming years and why players are preparing themselves to stay ahead of the curve.
According to the Regional Segmentation the Insurance Compliance Software Market provides the Information covers following regions:
*North America
*South America
*Asia & Pacific
*Europe
*MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Major Market Developments:
In May 2019, Vertafore announced the acquisition of VUE Software to enhanced its Sircon Solutions and create a powerful insurer distribution management platform in the industry. The company is the leading provider of insurance provider compliance and distribution management software.
In Sep 2019, RegEd announced its participation in the Association of Insurance Compliance professionals Annual Conference 2019. In this conference, the company revealed its Enterprise Compliance Management Platform, which supports the integrated suite of compliance management solutions.
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
Extracts from Table of Contents
Chapter 1: Insurance Compliance Software Market Overview
Chapter 2: Global Insurance Compliance Software Market Share and Market Overview
Chapter 3: Insurance Compliance Software Market Manufacturers/Players Analysis
3.1 Market Concentration Rate
3.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
3.3 Heat Map Analysis
3.4 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
3.5 Company Profile - Business Distribution by Region, Interview Record, Business Profile, Product/Service Specification, Price, Revenue and Gross profit 2017-2019
3.6 Price Benchmarking (2017-2019)
Chapter 4: Global Insurance Compliance Software Market Segmentation (Country Level Breakdown) (2014-2025)
- North America: United States, Canada, and Mexico.
- South & Central America: Argentina, Chile, and Brazil.
- Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
- Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands, Poland and Russia.
- Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Chapter 5: Global Insurance Compliance Software Market Breakdown by Segments (by Application (Small Size Enterprises, Medium Size Enterprises, Large Size Enterprises), Deployment Mode (Web-Based, Cloud-Based), Services (Compliance Reporting, Policy Management, Compliance Process Improvement), Features (Workflow Management, Automation, Policy Management, Audit Management, Reporting, Task Management, Notification, Policy and Action Linking))
5.1 Global Insurance Compliance Software Market Segmentation (Product Type) Market Size 2014-2025
5.2 Different Insurance Compliance Software Price Analysis by Product Type (2014-2025)
5.3 Global Insurance Compliance Software Market Segmentation (Product Type) Analysis
5.4 Global Insurance Compliance Software Market by Application/End users Market Size 2014-2025
5.5 Global Insurance Compliance Software Market Segmentation (other segments) Analysis
Chapter 6: Methodology/Research Approach, Data Source, Disclaimer
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