Insurance Claims Management Solution Market Eyeing Bigger Moves: SAP, Cognizant, Accenture\n\nHTF MI recently introduced Global Insurance Claims Management Solution Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2031). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence.\n\nMajor companies in Insurance Claims Management Solution Market are: IBM (United States), SAP SE (Germany), Oracle Corporation (United States), DXC Technology (United States), SAS Institute Inc. (United States), Cognizant (United States), Accenture (Ireland), Verisk Analytics (United States), Mitchell International (United States), Duck Creek Technologies (United States)\n\nGet Customized Sample Now 👉 https://www.htfmarketintelligence.com/sample-report/global-insurance-claims-management-solution-market?utm_source=Krati_Newstrail&amp;utm_id=Krati\n\nAccording to HTF Market Intelligence, the global Insurance Claims Management Solution Market size was valued at USD 6 billion in 2024 and is estimated to reach revenue of USD 14.8 billion by 2031, with a CAGR of 12.1% from 2025 to 2031.\n\nThe Insurance Claims Management Solution Market is Segmented by Application (Travel Insurance claim, Health insurance claim) by Deployment (On-premise, Cloud Based) by End User (Private Companies, Government Sector, Healthcare Providers)\n\nDefinition:\nInsurance Claims Management Solutions are software platforms designed to automate, streamline, and manage the end-to-end claims lifecycle—from first notification of loss (FNOL) to final settlement. These systems improve accuracy, transparency, and efficiency, helping insurers to process claims faster and reduce fraudulent activities. Key features typically include policy validation, claim adjudication, payment processing, analytics, document management, and customer communication modules. Modern solutions are increasingly cloud-based, integrate with third-party services (e.g., repair vendors, telematics), and support omnichannel customer service. The sector is driven by the growing complexity of insurance products, the rising demand for digital-first experiences, and the necessity to reduce operational costs. Integration of AI and machine learning further enhances automation and decision-making, enabling smarter, faster, and more customer-centric claim resolutions.\n\nMarket Trends:\nInsurers are investing in AI and predictive analytics to improve claim accuracy and customer satisfaction. Cloud-based claims platforms are gaining traction for scalability and flexibility. Mobile-first claims handling is becoming a new standard.\n\nMarket Drivers\nIncreasing complexity in insurance processes, the need for automation, and growing digitalization across the insurance industry are boosting demand for claims management software. Insurers are prioritizing operational efficiency and fraud prevention, which is significantly propelling market growth.\n\nMarket Opportunities:\nThe rise in insurance penetration in emerging markets and technological advancements like AI and blockchain offer lucrative growth avenues for claims management vendors. Enhanced customer experience and cost savings further support adoption.\n\nMarket Challenges:\nData privacy concerns and regulatory compliance complexities present challenges. Integration with legacy systems and the high initial cost of implementation also act as significant barriers for small insurers.\n\nDominating Region:\nNorth America\n\nFastest-Growing Region:\nAsia-Pacific\n\nMarket Leaders & Development Strategies:\nIn December 2023, Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, announced the release of Duck Creek Clarity, an innovative, cloud-native technology solution and the successor to Duck Creek Insights, designed to empower insurers with advanced data management, reporting, and analytics capabilities. With the launch of Duck Creek Clarity, the firm also streamlines the conventional technology upgrade cycle with a distinctive “Active Delivery” methodology, which offers ongoing updates and obviates insurers from having to go through timely and expensive upgrade projects. In October 2023, Guidewire partners with EvolutionIQ to promote the integration of AI in the claims handling process, facilitating more precise and cost-effective decision-making.\n\nThe titled segments and sub-section of the market are illuminated below: In-depth analysis of Insurance Claims Management Solution market segments by Types: On-premise, Cloud Based\n\nDetailed analysis of Insurance Claims Management Solution market segments by Applications: Travel Insurance claim, Health insurance claimGlobal Insurance Claims Management Solution Market – Regional Analysis\nNorth America: United States of America (US), Canada, and Mexico. • South & Central America: Argentina, Chile, Colombia, and Brazil. • Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa. • Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe. • Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc) & Rest • Oceania: Australia & New Zealand\n\nInsurance Claims Management Solution Market Research Objectives:– Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years. – To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks). – To analyze the with respect to individual future prospects, growth trends and their involvement to the total market. – To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market. – To deliberately profile the key players and systematically examine their growth strategies.\n\nFIVE FORCES & PESTLE ANALYSIS: In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry. • Political (Political policy and stability as well as trade, fiscal, and taxation policies) • Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates) • Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles) • Technological (Changes in digital or mobile technology, automation, research, and development) • Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions) • Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)\n\nBuy Now Latest Edition of Global Insurance Claims Management Solution Market Report 👉 https://www.htfmarketintelligence.com/buy-now?format=1&amp;report=6185?utm_source=Krati_Newstrail&amp;utm_id=Krati\n\nPoints Covered in Table of Content of Global Insurance Claims Management Solution Market:\nChapter 01 – Insurance Claims Management Solution Executive Summary\nChapter 02 – Market Overview\nChapter 03 – Key Success Factors\nChapter 04 – Global Insurance Claims Management Solution Market – Pricing Analysis\nChapter 05 – Global Insurance Claims Management Solution Market Background or History\nChapter 06 — Global Insurance Claims Management Solution Market Segmentation (e.g. Type, Application)\nChapter 07 – Key and Emerging Countries Analysis Worldwide Insurance Claims Management Solution Market\nChapter 08 – Global Insurance Claims Management Solution Market Structure & worth Analysis\nChapter 09 – Global Insurance Claims Management Solution Market Competitive Analysis & Challenges\nChapter 10 – Assumptions and Acronyms\nChapter 11 – Insurance Claims Management Solution Market Research Method\nThanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.\n\nAbout Author: HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.

Insurance Claims Management Solution Market Eyeing Bigger Moves: SAP, Cognizant, Accenture

The global Insurance Claims Management Solution Market is projected to grow from USD 6 billion in 2024 to USD 14.8 billion by 2031, driven by AI integration, cloud-based solutions, and digital-first insurance trends. Key players include SAP, Cognizant, Accenture, and Duck Creek Technologies, with recent developments like Duck Creek Clarity and Guidewire-EvolutionIQ partnerships highlighting innovation in claims processing.