Emerging Trends, Top Key Players Concentrix and Majesco – San Juan Independent

According to the report, The global life insurance policy administration systems market size is expected to grow from 2020 to 2028 million USD by 2028, growing at a CAGR of 19.2% from 2021 to 2028..

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the Global LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS Industry, including an overview of current market size and forecast for the segments and key regions, market driving forces, likely effects of key trends, how all of this will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers, and more! Providing valuable data on conglomerates likely to impact this industry is essential for any company planning to invest properly over the next 5 years. These results complement our initial quantitative study to facilitate any new investments or threat planning traits in existing sectors through a strategic business plan.

Impact of COVID-19

The current COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions were felt over a long period. Our research interviewed numerous delegates from this industry, in all geographic markets, to gather useful information to address the potential challenges that the COVID-19 pandemic may bring in the future.

In terms of the impact of COVID 19, the Life Insurance Policy Administration Systems Market report also includes the following data points:

  • Impact of COVID-19
  • Government aid and industry stimulus policies
  • Recent corporate developments to address negative impacts
  • Window of opportunity and post-COVID trend

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Key players

Some of the major life insurance policy administration system players with the largest market share are Concentrix, Majesco, and DXC. These players are using new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:

  • Concentrix
  • majesco
  • DXC
  • Accenture
  • EXL
  • Andesa
  • Oracle

Segmental analysis

Market segment by Type with an emphasis on the market share, consumption trend and growth rate of the LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS market:

  • On the site
  • Software as a Service (SaaS)

Market segment by Final user with an emphasis on the market share, consumption trend and growth rate of the LIFE INSURANCE POLICY ADMINISTRATION SYSTEMS market:

  • Management of life insurance policies
  • insurance company

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Geographic coverage of global life insurance policy administration systems:

  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • The rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Rest of Asia-Pacific
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Egypt
    • South Africa
    • Rest of MEA

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Justin D. O'Neill