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Big Data in the Insurance Industry - Outlook to 2030: CAGR of 14% is Expected Over the Next 3 YearsDUBLIN, Aug. 7, 2018 /PRNewswire/ -- The "Big Data in the Insurance Industry: 2018 - 2030 - Opportunities, Challenges, Strategies & Forecasts" report from SNS Telecom & IT has been added to ResearchAndMarkets.com's offering. Big Data originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data, to solve complex problems.
Market forecasts are provided for each of the following submarkets and their subcategories: Hardware, Software & Professional Services
Horizontal Submarkets
Application Areas
Use Cases
Regional Markets
Country Markets
Key Findings
Key Topics Covered Chapter 1: Introduction 3.5.2 In-Database Processing 3.5.3 In-Memory Analytics 3.5.4 Machine Learning & Data Mining 3.5.5 Predictive Analytics 3.5.6 NLP (Natural Language Processing) 3.5.7 Text Analytics 3.5.8 Visual Analytics 3.5.9 Graph Analytics 3.5.10 Social Media, IT & Telco Network Analytics Chapter 4: Business Case & Applications in the Insurance Industry 4.1 Overview & Investment Potential 4.2 Industry Specific Market Growth Drivers 4.3 Industry Specific Market Barriers 4.4 Key Application Areas 4.4.1 Auto Insurance 4.4.2 Property & Casualty Insurance 4.4.3 Life Insurance 4.4.4 Health Insurance 4.4.5 Multi-Line Insurance 4.4.6 Other Forms of Insurance 4.4.7 Reinsurance 4.4.8 Insurance Broking 4.5 Use Cases 4.5.1 Personalized & Targeted Marketing 4.5.2 Customer Service & Experience 4.5.3 Product Innovation & Development 4.5.4 Risk Awareness & Control 4.5.5 Policy Administration, Pricing & Underwriting 4.5.6 Claims Processing & Management 4.5.7 Fraud Detection & Prevention 4.5.8 Usage & Analytics-Based Insurance 4.5.9 Other Use Cases Chapter 5: Insurance Industry Case Studies 5.1 Insurers 5.1.1 Aegon: Driving Customer Engagement & Sales with Big Data 5.1.2 Aetna: Predicting & Improving Health with Big Data 5.1.3 Allianz Group: Uncovering Insurance Fraud with Big Data 5.1.4 Allstate Corporation & Arity: Making Transportation Safer & Smarter with Big Data 5.1.5 AXA: Simplifying Customer Interaction with Big Data 5.1.6 China Life Insurance Company: Elevating Risk Awareness with Big Data 5.1.7 Cigna: Streamlining Health Insurance Claims with Big Data 5.1.8 Dai-ichi Life Holdings: Unlocking & Opening Doors to Life Insurance with Big Data 5.1.9 Generali Group: Digitizing the Insurance Value Chain with Big Data 5.1.10 Progressive Corporation: Rewarding Safe Drivers & Improving Traffic Safety with Big Data 5.1.11 Samsung Fire & Marine Insurance: Transforming Insurance Underwriting with Big Data 5.1.12 UnitedHealth Group: Enhancing Patient Care & Value with Big Data 5.1.13 Zurich Insurance Group: Improving Risk Management with Big Data 5.2 Reinsurers, InsurTech Specialists & Other Stakeholders 5.2.1 Atidot: Empowering Life Insurance with Big Data 5.2.2 Cape Analytics: Delivering Instant Property Intelligence with Big Data 5.2.3 Concirrus: Enabling Smarter Marine & Auto Insurance with Big Data 5.2.4 JMDC Corporation: Optimizing Health Insurance Premiums with Big Data 5.2.5 MetroMile: Revolutionizing Auto Insurance with Big Data 5.2.6 Munich Re: Pioneering Cyber Insurance with Big Data 5.2.7 Oscar Health: Humanizing Health Insurance with Big Data Chapter 6: Future Roadmap & Value Chain 6.1 Future Roadmap 6.1.1 Pre-2020: Investments in Advanced Analytics & AI (Artificial Intelligence) 6.1.2 2020 - 2025: Large-Scale Adoption of Usage & Analytics-Based Insurance 6.1.3 2025 - 2030: Towards the Digitization of Insurance Services 6.2 The Big Data Value Chain 6.2.1 Hardware Providers 6.2.1.1 Storage & Compute Infrastructure Providers 6.2.1.2 Networking Infrastructure Providers 6.2.2 Software Providers 6.2.2.1 Hadoop & Infrastructure Software Providers 6.2.2.2 SQL & NoSQL Providers 6.2.2.3 Analytic Platform & Application Software Providers 6.2.2.4 Cloud Platform Providers 6.2.3 Professional Services Providers 6.2.4 End-to-End Solution Providers 6.2.5 Insurance Industry Chapter 7: Standardization & Regulatory Initiatives 7.1 ASF (Apache Software Foundation) 7.1.1 Management of Hadoop 7.1.2 Big Data Projects Beyond Hadoop 7.2 CSA (Cloud Security Alliance) 7.2.1 BDWG (Big Data Working Group) 7.3 CSCC (Cloud Standards Customer Council) 7.3.1 Big Data Working Group 7.4 DMG (Data Mining Group) 7.4.1 PMML (Predictive Model Markup Language) Working Group 7.4.2 PFA (Portable Format for Analytics) Working Group 7.5 IEEE (Institute of Electrical and Electronics Engineers) 7.5.1 Big Data Initiative 7.6 INCITS (InterNational Committee for Information Technology Standards) 7.6.1 Big Data Technical Committee 7.7 ISO (International Organization for Standardization) 7.7.1 ISO/IEC JTC 1/SC 32: Data Management and Interchange 7.7.2 ISO/IEC JTC 1/SC 38: Cloud Computing and Distributed Platforms 7.7.3 ISO/IEC JTC 1/SC 27: IT Security Techniques 7.7.4 ISO/IEC JTC 1/WG 9: Big Data 7.7.5 Collaborations with Other ISO Work Groups 7.8 ITU (International Telecommunication Union) 7.8.1 ITU-T Y.3600: Big Data - Cloud Computing Based Requirements and Capabilities 7.8.2 Other Deliverables Through SG (Study Group) 13 on Future Networks 7.8.3 Other Relevant Work 7.9 Linux Foundation 7.9.1 ODPi (Open Ecosystem of Big Data) 7.10 NIST (National Institute of Standards and Technology) 7.10.1 NBD-PWG (NIST Big Data Public Working Group) 7.11 OASIS (Organization for the Advancement of Structured Information Standards) 7.11.1 Technical Committees 7.12 ODaF (Open Data Foundation) 7.12.1 Big Data Accessibility 7.13 ODCA (Open Data Center Alliance) 7.13.1 Work on Big Data 7.14 OGC (Open Geospatial Consortium) 7.14.1 Big Data DWG (Domain Working Group) 7.15 TM Forum 7.15.1 Big Data Analytics Strategic Program 7.16 TPC (Transaction Processing Performance Council) 7.16.1 TPC-BDWG (TPC Big Data Working Group) 7.17 W3C (World Wide Web Consortium) 7.17.1 Big Data Community Group 7.17.2 Open Government Community Group Chapter 8: Market Sizing & Forecasts 8.1 Global Outlook for the Big Data in the Insurance Industry 8.2 Hardware, Software & Professional Services Segmentation 8.3 Horizontal Submarket Segmentation 8.4 Hardware Submarkets 8.4.1 Storage and Compute Infrastructure 8.4.2 Networking Infrastructure 8.5 Software Submarkets 8.5.1 Hadoop & Infrastructure Software 8.5.2 SQL 8.5.3 NoSQL 8.5.4 Analytic Platforms & Applications 8.5.5 Cloud Platforms 8.6 Professional Services Submarket 8.6.1 Professional Services 8.7 Application Area Segmentation 8.7.1 Auto Insurance 8.7.2 Property & Casualty Insurance 8.7.3 Life Insurance 8.7.4 Health Insurance 8.7.5 Multi-Line Insurance 8.7.6 Other Forms of Insurance 8.7.7 Reinsurance 8.7.8 Insurance Broking 8.8 Use Case Segmentation 8.8.1 Personalized & Targeted Marketing 8.8.2 Customer Service & Experience 8.8.3 Product Innovation & Development 8.8.4 Risk Awareness & Control 8.8.5 Policy Administration, Pricing & Underwriting 8.8.6 Claims Processing & Management 8.8.7 Fraud Detection & Prevention 8.8.8 Usage & Analytics-Based Insurance 8.8.9 Other Use Cases 8.9 Regional Outlook 8.10 Asia Pacific 8.10.1 Country Level Segmentation 8.10.2 Australia 8.10.3 China 8.10.4 India 8.10.5 Indonesia 8.10.6 Japan 8.10.7 Malaysia 8.10.8 Pakistan 8.10.9 Philippines 8.10.10 Singapore 8.10.11 South Korea 8.10.12 Taiwan 8.10.13 Thailand 8.10.14 Rest of Asia Pacific 8.11 Eastern Europe 8.11.1 Country Level Segmentation 8.11.2 Czech Republic 8.11.3 Poland 8.11.4 Russia 8.11.5 Rest of Eastern Europe 8.12 Latin & Central America 8.12.1 Country Level Segmentation 8.12.2 Argentina 8.12.3 Brazil 8.12.4 Mexico 8.12.5 Rest of Latin & Central America 8.13 Middle East & Africa 8.13.1 Country Level Segmentation 8.13.2 Israel 8.13.3 Qatar 8.13.4 Saudi Arabia 8.13.5 South Africa 8.13.6 UAE 8.13.7 Rest of the Middle East & Africa 8.14 North America 8.14.1 Country Level Segmentation 8.14.2 Canada 8.14.3 USA 8.15 Western Europe 8.15.1 Country Level Segmentation 8.15.2 Denmark 8.15.3 Finland 8.15.4 France 8.15.5 Germany 8.15.6 Italy 8.15.7 Netherlands 8.15.8 Norway 8.15.9 Spain 8.15.10 Sweden 8.15.11 UK 8.15.12 Rest of Western Europe Chapter 9: Vendor Landscape 9.1 1010data 9.2 Absolutdata 9.3 Accenture 9.4 Actian Corporation/HCL Technologies 9.5 Adaptive Insights 9.6 Adobe Systems 9.7 Advizor Solutions 9.8 AeroSpike 9.9 AFS Technologies 9.10 Alation 9.11 Algorithmia 9.12 Alluxio 9.13 ALTEN 9.14 Alteryx 9.15 AMD (Advanced Micro Devices) 9.16 Anaconda 9.17 Apixio 9.18 Arcadia Data 9.19 ARM 9.20 AtScale 9.21 Attivio 9.22 Attunity 9.23 Automated Insights 9.24 AVORA 9.25 AWS (Amazon Web Services) 9.26 Axiomatics 9.27 Ayasdi 9.28 BackOffice Associates 9.29 Basho Technologies 9.30 BCG (Boston Consulting Group) 9.31 Bedrock Data 9.32 BetterWorks 9.33 Big Panda 9.34 BigML 9.35 Bitam 9.36 Blue Medora 9.37 BlueData Software 9.38 BlueTalon 9.39 BMC Software 9.40 BOARD International 9.41 Booz Allen Hamilton 9.42 Boxever 9.43 CACI International 9.44 Cambridge Semantics 9.45 Capgemini 9.46 Cazena 9.47 Centrifuge Systems 9.48 CenturyLink 9.49 Chartio 9.50 Cisco Systems 9.51 Civis Analytics 9.52 ClearStory Data 9.53 Cloudability 9.54 Cloudera 9.55 Cloudian 9.56 Clustrix 9.57 CognitiveScale 9.58 Collibra 9.59 Concurrent Technology/Vecima Networks 9.60 Confluent 9.61 Contexti 9.62 Couchbase 9.63 Crate.io 9.64 Cray 9.65 Databricks 9.66 Dataiku 9.67 Datalytyx 9.68 Datameer 9.69 DataRobot 9.70 DataStax 9.71 Datawatch Corporation 9.72 DDN (DataDirect Networks) 9.73 Decisyon 9.74 Dell Technologies 9.75 Deloitte 9.76 Demandbase 9.77 Denodo Technologies 9.78 Dianomic Systems 9.79 Digital Reasoning Systems 9.80 Dimensional Insight 9.81 Dolphin Enterprise Solutions Corporation/Hanse Orga Group 9.82 Domino Data Lab 9.83 Domo 9.84 Dremio 9.85 DriveScale 9.86 Druva 9.87 Dundas Data Visualization 9.88 DXC Technology 9.89 Elastic 9.90 Engineering Group (Engineering Ingegneria Informatica) 9.91 EnterpriseDB Corporation 9.92 eQ Technologic 9.93 Ericsson 9.94 Erwin 9.95 EVO (Big Cloud Analytics) 9.96 EXASOL 9.97 EXL (ExlService Holdings) 9.98 Facebook 9.99 FICO (Fair Isaac Corporation) 9.100 Figure Eight 9.101 FogHorn Systems 9.102 Fractal Analytics 9.103 Franz 9.104 Fujitsu 9.105 Fuzzy Logix 9.106 Gainsight 9.107 GE (General Electric) 9.108 Glassbeam 9.109 GoodData Corporation 9.110 Google/Alphabet 9.111 Grakn Labs 9.112 Greenwave Systems 9.113 GridGain Systems 9.114 H2O.ai 9.115 HarperDB 9.116 Hedvig 9.117 Hitachi Vantara 9.118 Hortonworks 9.119 HPE (Hewlett Packard Enterprise) 9.120 Huawei 9.121 HVR 9.122 HyperScience 9.123 HyTrust 9.124 IBM Corporation 9.125 iDashboards 9.126 IDERA 9.127 Ignite Technologies 9.128 Imanis Data 9.129 Impetus Technologies 9.130 Incorta 9.131 InetSoft Technology Corporation 9.132 InfluxData 9.133 Infogix 9.134 Infor/Birst 9.135 Informatica 9.136 Information Builders 9.137 Infosys 9.138 Infoworks 9.139 Insightsoftware.com 9.140 InsightSquared 9.141 Intel Corporation 9.142 Interana 9.143 InterSystems Corporation 9.144 Jedox 9.145 Jethro 9.146 Jinfonet Software 9.147 Juniper Networks 9.148 KALEAO 9.149 Keen IO 9.150 Keyrus 9.151 Kinetica 9.152 KNIME 9.153 Kognitio 9.154 Kyvos Insights 9.155 LeanXcale 9.156 Lexalytics 9.157 Lexmark International 9.158 Lightbend 9.159 Logi Analytics 9.160 Logical Clocks 9.161 Longview Solutions/Tidemark 9.162 Looker Data Sciences 9.163 LucidWorks 9.164 Luminoso Technologies 9.165 Maana 9.166 Manthan Software Services 9.167 MapD Technologies 9.168 MapR Technologies 9.169 MariaDB Corporation 9.170 MarkLogic Corporation 9.171 Mathworks 9.172 Melissa 9.173 MemSQL 9.174 Metric Insights 9.175 Microsoft Corporation 9.176 MicroStrategy 9.177 Minitab 9.178 MongoDB 9.179 Mu Sigma 9.180 NEC Corporation 9.181 Neo4j 9.182 NetApp 9.183 Nimbix 9.184 Nokia 9.185 NTT Data Corporation 9.186 Numerify 9.187 NuoDB 9.188 NVIDIA Corporation 9.189 Objectivity 9.190 Oblong Industries 9.191 OpenText Corporation 9.192 Opera Solutions 9.193 Optimal Plus 9.194 Oracle Corporation 9.195 Palantir Technologies 9.196 Panasonic Corporation/Arimo 9.197 Panorama Software 9.198 Paxata 9.199 Pepperdata 9.200 Phocas Software 9.201 Pivotal Software 9.202 Prognoz 9.203 Progress Software Corporation 9.204 Provalis Research 9.205 Pure Storage 9.206 PwC (PricewaterhouseCoopers International) 9.207 Pyramid Analytics 9.208 Qlik 9.209 Qrama/Tengu 9.210 Quantum Corporation 9.211 Qubole 9.212 Rackspace 9.213 Radius Intelligence 9.214 RapidMiner 9.215 Recorded Future 9.216 Red Hat 9.217 Redis Labs 9.218 RedPoint Global 9.219 Reltio 9.220 RStudio 9.221 Rubrik/Datos IO 9.222 Ryft 9.223 Sailthru 9.224 Salesforce.com 9.225 Salient Management Company 9.226 Samsung Group 9.227 SAP 9.228 SAS Institute 9.229 ScaleOut Software 9.230 Seagate Technology 9.231 Sinequa 9.232 SiSense 9.233 Sizmek 9.234 SnapLogic 9.235 Snowflake Computing 9.236 Software AG 9.237 Splice Machine 9.238 Splunk 9.239 Strategy Companion Corporation 9.240 Stratio 9.241 Streamlio 9.242 StreamSets 9.243 Striim 9.244 Sumo Logic 9.245 Supermicro (Super Micro Computer) 9.246 Syncsort 9.247 SynerScope 9.248 SYNTASA 9.249 Tableau Software 9.250 Talend 9.251 Tamr 9.252 TARGIT 9.253 TCS (Tata Consultancy Services) 9.254 Teradata Corporation 9.255 Thales/Guavus 9.256 ThoughtSpot 9.257 TIBCO Software 9.258 Toshiba Corporation 9.259 Transwarp 9.260 Trifacta 9.261 Unifi Software 9.262 Unravel Data 9.263 VANTIQ 9.264 VMware 9.265 VoltDB 9.266 WANdisco 9.267 Waterline Data 9.268 Western Digital Corporation 9.269 WhereScape 9.270 WiPro 9.271 Wolfram Research 9.272 Workday 9.273 Xplenty 9.274 Yellowfin BI 9.275 Yseop 9.276 Zendesk 9.277 Zoomdata 9.278 Zucchetti Chapter 10: Conclusion & Strategic Recommendations 10.1 Why is the Market Poised to Grow? 10.2 Geographic Outlook: Which Countries Offer the Highest Growth Potential? 10.3 Big Data is for Everyone 10.4 Evaluating the Business Value of Big Data for Insurers 10.5 Transforming Risk Management 10.6 Tackling Cyber Crime & Under-Insured Risks 10.7 Accelerating the Transition Towards Usage & Analytics-Based Insurance 10.8 Addressing Customer Expectations with Data-Driven Services 10.9 The Importance of AI (Artificial Intelligence) & Machine Learning 10.10 Impact of Blockchain on Big Data Processing 10.11 Adoption of Cloud Platforms to Address On-Premise System Limitations 10.12 Data Security & Privacy Concerns 10.13 Recommendations 10.13.1 Big Data Hardware, Software & Professional Services Providers 10.13.2 Insurance Industry Stakeholders For more information about this report visit https://www.researchandmarkets.com/research/l5bcwh/big_data_in_the?w=5 Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/big-data-in-the-insurance-industry---outlook-to-2030-cagr-of-14-is-expected-over-the-next-3-years-300693182.html SOURCE Research and Markets |