Life Insurance Policy Administration Systems Market Size, Share, and Trends 2024 to 2034

The global life insurance policy administration systems market size is calculated at USD 3.22 billion in 2025 and is forecasted to reach around USD 5.82 billion by 2034, accelerating at a CAGR of 6.82% from 2025 to 2034. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : March 2025
  • Report Code : 5811
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Life Insurance Policy Administration Systems Market 

5.1. COVID-19 Landscape: Life Insurance Policy Administration Systems Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Life Insurance Policy Administration Systems Market, By Technology

8.1. Life Insurance Policy Administration Systems Market Revenue and Volume Forecast, by Technology

8.1.1. Cloud-Based

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. On-Premise

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Hybrid

8.1.3.1. Market Revenue and Volume Forecast

Chapter 9. Global Life Insurance Policy Administration Systems Market, By Type

9.1. Life Insurance Policy Administration Systems Market Revenue and Volume Forecast, by Type

9.1.1. Individual Life Insurance

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Group Life Insurance

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Life Insurance Policy Administration Systems Market, By Application

10.1. Life Insurance Policy Administration Systems Market Revenue and Volume Forecast, by Application

10.1.1. New Business Processing

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. Underwriting

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Policy Administration

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Claims Management

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Billing and Accounting

10.1.5.1. Market Revenue and Volume Forecast

Chapter 11. Global Life Insurance Policy Administration Systems Market, By Deployment

11.1. Life Insurance Policy Administration Systems Market Revenue and Volume Forecast, by Deployment

11.1.1. Single-Tenant

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Multi-Tenant

11.1.2.1. Market Revenue and Volume Forecast

Chapter 12. Global Life Insurance Policy Administration Systems Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Volume Forecast, by Technology

12.1.2. Market Revenue and Volume Forecast, by Type

12.1.3. Market Revenue and Volume Forecast, by Application

12.1.4. Market Revenue and Volume Forecast, by Deployment

12.1.5. U.S.

12.1.5.1. Market Revenue and Volume Forecast, by Technology

12.1.5.2. Market Revenue and Volume Forecast, by Type

12.1.5.3. Market Revenue and Volume Forecast, by Application

12.1.5.4. Market Revenue and Volume Forecast, by Deployment

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Volume Forecast, by Technology

12.1.6.2. Market Revenue and Volume Forecast, by Type

12.1.6.3. Market Revenue and Volume Forecast, by Application

12.1.6.4. Market Revenue and Volume Forecast, by Deployment

12.2. Europe

12.2.1. Market Revenue and Volume Forecast, by Technology

12.2.2. Market Revenue and Volume Forecast, by Type

12.2.3. Market Revenue and Volume Forecast, by Application

12.2.4. Market Revenue and Volume Forecast, by Deployment

12.2.5. UK

12.2.5.1. Market Revenue and Volume Forecast, by Technology

12.2.5.2. Market Revenue and Volume Forecast, by Type

12.2.5.3. Market Revenue and Volume Forecast, by Application

12.2.5.4. Market Revenue and Volume Forecast, by Deployment

12.2.6. Germany

12.2.6.1. Market Revenue and Volume Forecast, by Technology

12.2.6.2. Market Revenue and Volume Forecast, by Type

12.2.6.3. Market Revenue and Volume Forecast, by Application

12.2.6.4. Market Revenue and Volume Forecast, by Deployment

12.2.7. France

12.2.7.1. Market Revenue and Volume Forecast, by Technology

12.2.7.2. Market Revenue and Volume Forecast, by Type

12.2.7.3. Market Revenue and Volume Forecast, by Application

12.2.7.4. Market Revenue and Volume Forecast, by Deployment

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Volume Forecast, by Technology

12.2.8.2. Market Revenue and Volume Forecast, by Type

12.2.8.3. Market Revenue and Volume Forecast, by Application

12.2.8.4. Market Revenue and Volume Forecast, by Deployment

12.3. APAC

12.3.1. Market Revenue and Volume Forecast, by Technology

12.3.2. Market Revenue and Volume Forecast, by Type

12.3.3. Market Revenue and Volume Forecast, by Application

12.3.4. Market Revenue and Volume Forecast, by Deployment

12.3.5. India

12.3.5.1. Market Revenue and Volume Forecast, by Technology

12.3.5.2. Market Revenue and Volume Forecast, by Type

12.3.5.3. Market Revenue and Volume Forecast, by Application

12.3.5.4. Market Revenue and Volume Forecast, by Deployment

12.3.6. China

12.3.6.1. Market Revenue and Volume Forecast, by Technology

12.3.6.2. Market Revenue and Volume Forecast, by Type

12.3.6.3. Market Revenue and Volume Forecast, by Application

12.3.6.4. Market Revenue and Volume Forecast, by Deployment

12.3.7. Japan

12.3.7.1. Market Revenue and Volume Forecast, by Technology

12.3.7.2. Market Revenue and Volume Forecast, by Type

12.3.7.3. Market Revenue and Volume Forecast, by Application

12.3.7.4. Market Revenue and Volume Forecast, by Deployment

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Volume Forecast, by Technology

12.3.8.2. Market Revenue and Volume Forecast, by Type

12.3.8.3. Market Revenue and Volume Forecast, by Application

12.3.8.4. Market Revenue and Volume Forecast, by Deployment

12.4. MEA

12.4.1. Market Revenue and Volume Forecast, by Technology

12.4.2. Market Revenue and Volume Forecast, by Type

12.4.3. Market Revenue and Volume Forecast, by Application

12.4.4. Market Revenue and Volume Forecast, by Deployment

12.4.5. GCC

12.4.5.1. Market Revenue and Volume Forecast, by Technology

12.4.5.2. Market Revenue and Volume Forecast, by Type

12.4.5.3. Market Revenue and Volume Forecast, by Application

12.4.5.4. Market Revenue and Volume Forecast, by Deployment

12.4.6. North Africa

12.4.6.1. Market Revenue and Volume Forecast, by Technology

12.4.6.2. Market Revenue and Volume Forecast, by Type

12.4.6.3. Market Revenue and Volume Forecast, by Application

12.4.6.4. Market Revenue and Volume Forecast, by Deployment

12.4.7. South Africa

12.4.7.1. Market Revenue and Volume Forecast, by Technology

12.4.7.2. Market Revenue and Volume Forecast, by Type

12.4.7.3. Market Revenue and Volume Forecast, by Application

12.4.7.4. Market Revenue and Volume Forecast, by Deployment

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Volume Forecast, by Technology

12.4.8.2. Market Revenue and Volume Forecast, by Type

12.4.8.3. Market Revenue and Volume Forecast, by Application

12.4.8.4. Market Revenue and Volume Forecast, by Deployment

12.5. Latin America

12.5.1. Market Revenue and Volume Forecast, by Technology

12.5.2. Market Revenue and Volume Forecast, by Type

12.5.3. Market Revenue and Volume Forecast, by Application

12.5.4. Market Revenue and Volume Forecast, by Deployment

12.5.5. Brazil

12.5.5.1. Market Revenue and Volume Forecast, by Technology

12.5.5.2. Market Revenue and Volume Forecast, by Type

12.5.5.3. Market Revenue and Volume Forecast, by Application

12.5.5.4. Market Revenue and Volume Forecast, by Deployment

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Volume Forecast, by Technology

12.5.6.2. Market Revenue and Volume Forecast, by Type

12.5.6.3. Market Revenue and Volume Forecast, by Application

12.5.6.4. Market Revenue and Volume Forecast, by Deployment

Chapter 13. Company Profiles

13.1. Majesco

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Accenture Life Insurance Solutions Group

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Accenture Plc

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Oracle

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Insurity

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. EXL

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Infosys

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. FAST Technology

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Edlund

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. EIS Group Inc.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

For questions or customization requests, please reach out to us at sales@precedenceresearch.com

Frequently Asked Questions

The global life insurance policy administration systems market size is expected to grow from USD 3.01 billion in 2024 to USD 5.82 billion by 2034.

The life insurance policy administration systems market is anticipated to grow at a CAGR of 6.82% between 2025 and 2034.

The major players operating in the life insurance policy administration systems market are Majesco, Accenture Life Insurance Solutions Group, Accenture Plc, Oracle, Insurity, EXL, Infosys, FAST Technology, Edlund, EIS Group Inc., AgencySmart, and Others.

The driving factors of the life insurance policy administration systems market are the enhanced need to streamline business operations, optimize claims processing, and achieve regulatory compliance with business standards accelerates the expansion of the life insurance policy administration systems market.

North America region will lead the global life insurance policy administration systems market during the forecast period 2025 to 2034.

Ask For Sample

No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client