Insurance Business Process Outsourcing Market

Insurance business process outsourcing is a sub-division of the banking, financial services and insurance (BFSI) business process outsourcing business.BPO service providers support some of the world's leading financial institutions and custodians.Insurance business process outsourcing (BPO) is part of outsourcing, which involves subcontracting the organization's business processes to third-party suppliers with expertise in the insurance field.
Insurance Business Process Outsourcing Market contains market size and forecasts of Insurance Business Process Outsourcing (BPO) in Global, including the following market information:
Global Insurance Business Process Outsourcing (BPO) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Insurance Business Process Outsourcing (BPO) market was valued at 6510.7 million in 2021 and is projected to reach US$ 8628.6 million by 2028, at a CAGR of 4.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
By Operation Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Insurance Business Process Outsourcing (BPO) include Genpact, EXL Services Holdings, Cognizant, Xchanging (DXC Technology), Dell, TCS, Sutherland Global Services, WNS Holdings and Accenture, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Insurance Business Process Outsourcing (BPO) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Insurance Business Process Outsourcing (BPO) Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Insurance Business Process Outsourcing (BPO) Market Segment Percentages, by Type, 2021 (%)
By Operation
Development
Marketing
Administration
Asset Management
Claims Management
By Insurance
Property and Casualty
Life and Pension
Global Insurance Business Process Outsourcing (BPO) Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Insurance Business Process Outsourcing (BPO) Market Segment Percentages, by Application, 2021 (%)
BFSI
Manufacturing
Healthcare
Retail
Telecom
Others
Global Insurance Business Process Outsourcing (BPO) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Insurance Business Process Outsourcing (BPO) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Insurance Business Process Outsourcing (BPO) revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Insurance Business Process Outsourcing (BPO) revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Genpact
EXL Services Holdings
Cognizant
Xchanging (DXC Technology)
Dell
TCS
Sutherland Global Services
WNS Holdings
Accenture
Tech Mahindra
Xerox
MphasiS
Capita
Serco Group
Computer Sciences
HCL
IGate
Infosys
Syntel
Exlservice Holdings
Invensis
Wipro