Insurance Analytics Market Share

Insurance Analytics Market Share

Microsoft, IBM, and Oracle are among the key players in the insurance analytics industry holding 16% market share. Microsoft offers a comprehensive suite of cloud-based solutions, including Azure Analytics Services, empowering insurers with scalable data analytics and AI capabilities. IBM's Watson Analytics platform provides insurers with advanced predictive analytics tools, leveraging AI and machine learning algorithms to enhance risk assessment and claims management. Oracle offers a range of analytics solutions tailored for insurance companies, such as Oracle Insurance Insight, enabling insurers to extract actionable insights from their data to drive business growth and improve customer experiences.
 

Microsoft excels in cloud-based solutions, IBM boasts powerful AI-driven analytics, and Oracle provides tailored industry-specific offerings. As insurers increasingly prioritize data-driven decision-making, competition among these tech giants is expected to intensify, driving innovation in insurance analytics.
 

Insurance Analytics Market Companies

Major companies operating in the insurance analytics industry are:

• Deloitte
• IBM
• Microsoft
• OpenText
• Oracle
• Salesforce
• SAP
• Tableau Software
• TIBCO Software
• Verisk Analytics