Market Analysis and Insights: Global Insurance Rating Software Market

This report studies the insurance rating software (also called insurance quoting software) market, the software is a type of application software as comparative rater used for insurance process. The users can be insurance agency, individual, insurance companies, etc.

The data in the report is mainly based on the substantive insurance rating software.

Due to the COVID-19 pandemic, the global Insurance Rating Software market size is estimated to be worth US$ 525.5 million in 2022 and is forecast to a readjusted size of US$ 888.6 million by 2029 with a CAGR of 7.7% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Cloud-Based accounting for % of the Insurance Rating Software global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Automobile segment is altered to an % CAGR throughout this forecast period.

Vertafore, Applied Systems, EZLynx, ACS, ITC, HawkSoft, QQ Solutions, Sapiens/Maximum Processing, Agency Matrix, Buckhill, InsuredHQ and Zhilian Software are the key suppliers in the global Insurance Rating Software market. Top 10 took up about 48% of the global market.

Global Insurance Rating Software Scope and Market Size

The global Insurance Rating Software market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Insurance Rating Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2018-2029.


Segment by Type


Cloud-Based

On-Premise


Segment by Application


Automobile

Home

Motorcycle

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Vertafore

Applied Systems

EZLynx

ACS

ITC

HawkSoft

QQ Solutions

Sapiens/Maximum Processing

Agency Matrix

Buckhill

InsuredHQ

Zhilian Software