Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.5 Billion | USD 10.9 Billion | 3.8% | 2024 |
FrequentlyAsked Questions
Insurance business process outsourcing (BPO) is the process of outsourcing particular business processes of an insurance firm to a third-party supplier with experience in doing so. Underwriting, policy management, customer service, claims processing, and other back-office tasks might all fit in here.
The Insurance Business Process Outsourcing (BPO) market is driven by several factors, such as the rise of on-demand services & digital platforms, growing urbanization & busy lifestyles, rising disposable income & willingness to spend on home maintenance, aging population & demand for home healthcare services and others.
According to the report, the global insurance business process outsourcing market size was worth around USD 7.5 billion in 2024 and is predicted to grow to around USD 10.9 billion by 2034.
The global Insurance Business Process Outsourcing (BPO) market is expected to grow at a CAGR of 3.8% during the forecast period.
The global insurance business process outsourcing market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the technological advancements and the presence of major players.
The global Insurance Business Process Outsourcing (BPO) market is dominated by players like Invensis Technologies Pvt Ltd, Patra, Flatworld Solutions Pvt. Ltd., Solartis, Infosys Limited, Canon Business Process Services., Accenture, WNS (Holdings) Ltd., Acquire BPO Pty Ltd and Cogneesol among others.
The insurance business process outsourcing market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
HappyClients
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We have secured system to process your transaction.
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed