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Insurance Platform Market worth $ 207.52 billion by 2030- Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., March 25, 2025 /PRNewswire/ — The Insurance Platform Market is slated to expand from USD 116.16 billion in 2025 to USD 207.52 billion by the year 2030 at an impressive CAGR of 12.3% over the forecast period, according to a new report by MarketsandMarkets™. 

Browse in-depth TOC on “Insurance Platform Market”

220 – Tables
72 – Figures
410 – Pages

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Scope of the Report

Report Metric

Details

Market size available for years

2020–2030

Base year considered

2024

Forecast period

2025–2030

Forecast units

USD (Billion)

Segments Covered

Offering, Application, Technology, Insurance Type, End User, and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Salesforce (US), IBM (US), Microsoft (US), Google (US), Adobe (US), Oracle (US), SAP (Germany), Pegasystems (US), Accenture (Ireland), DXC Technology (US), Guidewire Software (US), Duck Creek Technologies (US), Applied Systems (US), Fineos (Ireland), Cognizant (US), Appian (US), Verisk (US), Bolttech (US), ServiceNow (US), LexisNexis (US), Majesco (US), EIS Group (US), Insurity Inc (US), Vertafore (US), Sapiens International Corporation (Israel), Prima Solutions (France), Cogitate Technology Solutions (US), AgencySmart (US), InsureSoft (Canada), BriteCore (US), Shift Technology (France), Zipari (US), Quantemplate (UK), Jenesis Software (US), Sureify (US), OneShield (US), Ensuredit (India), Socotra (US), Coalition (US), Symbo (India), TrustLayer (US), PerfectQuote (US), Hyperexponential (UK), InsuredMine (US), and InsuredHQ (New Zealand)

The rise of the Insurance Platform Market is being fueled by some key factors. One major driver is the wave of digital transformation sweeping across industries, prompting insurers to invest in advanced platforms that greatly enhance customer experiences, boost operational efficiency, and allow for data-driven decision-making. Additionally, the increasing demand for personalized insurance products—reflecting changing customer preferences—has encouraged the adoption of flexible and scalable solutions. The incorporation of artificial intelligence (AI), machine learning (ML), and data analytics has allowed insurers to offer dynamic pricing models, effective risk assessment tools, and automated claims processing. Regulatory shifts have also played a role, urging insurers to implement compliant platforms that come with top-notch security features. The influx of insurtech startups has further accelerated innovation and development in this area. With a focus on bettering customer engagement and streamlining their operations, investment in cloud-based and API-driven solutions is steadily increasing, marking significant growth in the Insurance Platform Market.

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By Application, the underwriting & risk management segment registers for the second-largest market share during the forecast period.

The underwriting and risk management application is expected to capture the second-largest share of the Insurance Platform Market due to its important role in evaluating risk, enhancing decision-making, and boosting operational efficiency. Cutting-edge insurance platforms that leverage AI, machine learning, and predictive analytics empower insurers to automate data analysis, leading to more accurate risk assessments. These innovative tools enable insurers to sift through massive amounts of data from diverse sources, including IoT devices, telematics, and customer profiles, ensuring that underwriting decisions are spot on. As insurers increasingly embrace data-driven approaches, platforms that provide advanced risk assessment models are becoming more popular. Moreover, the push for transparent risk evaluation processes due to regulatory requirements is prompting insurers to invest in strong underwriting solutions. The rising need for quicker policy issuance, fewer manual errors, and better fraud detection is also fueling the growth of underwriting and risk management solutions in the Insurance Platform Market.

By insurance type, specialty insurance is poised for the fastest growth rate during the forecast period.

The specialty insurance type is projected to be the fastest-growing segment in the Insurance Platform Market, fueled by an increasing need for custom coverage solutions in niche industries. Unlike traditional policies, specialty insurance covers unique risks such as cyber liability, marine and aviation risks, as well as high-value asset protection. As businesses venture into more complex markets and encounter evolving risks, insurers are turning to advanced platforms to create personalized solutions that cater to individual client needs. Digital platforms outfitted with data analytics, artificial intelligence (AI), and automation are enhancing risk assessment, pricing, and claims management for these specialized policies. Moreover, with the rise in cyber threats, environmental risks, and the complexities of global trade, the demand for specialty insurance is on the rise. Insurers are ramping up investments in flexible platforms that not only streamline underwriting processes but also improve customer interaction, further propelling the swift growth of the specialty insurance segment within the Insurance Platform Market.

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By Region, North America accounts for the largest market during forecast period.

North America is expected to maintain the largest market share within the Insurance Platform Market because of its sophisticated technological framework, high adoption rate of digital products, and prominent presence of well-established insurers. Insurers in the region are investing in new platforms to improve customer experience, simplify operations, and enhance risk assessment. Rising interest in data-driven insights, powered by the convergence of artificial intelligence (AI), machine learning (ML), and big data analytics, has further stimulated platform adoption. Moreover, the availability of a comprehensive regulatory framework makes insurers invest in compliant and secure digital technologies. Increasing usage of cloud-based platforms and API-based architectures is also driving the market’s growth. The rise of cloud-based platforms and API-driven architectures is also driving market growth. On top of that, North America’s vibrant insurtech ecosystem, marked by ongoing innovation and collaborations between traditional insurers and tech startups, is crucial in enhancing platform capabilities and reinforcing the region’s leadership in the Insurance Platform Market.

Top Key Companies in Insurance Platform Market:

The major players in the Insurance Platform Market include Salesforce (US), Google (US), Adobe (US), Microsoft (US), Oracle (US), Guidewire Software (US), Duck Creek Technologies (US), IBM (US), Pegasystems (US), and Accenture (Ireland).

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

In addition, MarketsandMarkets SalesIQ enables sales teams to identify high-priority accounts and uncover hidden opportunities, helping them build more pipeline and win more deals with precision.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter LinkedIn and Facebook .

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Pudu Robotics Unveils FlashBot Arm: A Semi-Humanoid Embodied AI Service Robot for Commercial Applications

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SHENZHEN, China, March 30, 2025 /PRNewswire/ — Pudu Robotics, a global leader in service robotics sector, has officially unveiled FlashBot Arm, an innovative Semi-Humanoid Embodied AI Service Robot tailored specifically for commercial service environments. Developed by Pudu X-Lab, the FlashBot Arm advances the capabilities of the company’s flagship FlashBot, combining advanced humanoid manipulation with intelligent delivery capabilities powered by cutting-edge embodied AI. This integration empowers the robot to autonomously perform a wide range of tasks in complex environments, including hotels, office buildings, restaurants, retail spaces, and healthcare facilities, marking a significant step forward for semi-humanoid robots in commercial applications.

Unlike traditional robots with limited mobility, the FlashBot Arm features real-time perception, decision-making, and execution capabilities, enabling it to create a closed-loop autonomous task system in dynamic settings. For example, in hotel environments where the lack of IoT systems or renovation constraints can hinder traditional robots’ ability to navigate elevators for cross-floor deliveries. FlashBot Arm revolutionizes this process through its robotic arms and dexterous end-effector capabilities, achieving fully autonomous workflows from item pickup to elevator operation and precision delivery, while its large language model-powered interaction system elevates service quality to unprecedented levels.

Key Features and Innovations:

Superior Manipulation Abilities: 

Equipped with two 7-degree-of-freedom robotic arms that can be lifted, FlashBot Arm achieves an operational reach of up to 2 meters. The robot boasts Pudu’s self-developed 11-degree-of-freedom dexterous hands, known as PUDU DH11, which afford it versatility and precision in finger manipulations, such as pressing buttons, grasping objects, and transporting items. This flexibility allows the robot to adapt effortlessly to various tasks without necessitating costly modifications to existing infrastructures.

Streamlined Delivery Operations: 

Featuring a wheeled chassis designed for exceptional mobility, FlashBot Arm enhances delivery efficiency significantly. By utilizing VSLAM and laser SLAM technologies, it generates accurate 3D maps, navigates autonomously, and avoids obstacles in real-time. Its closed delivery compartment ensures the safe transport of items, creating an end-to-end solution that optimizes workflow and boosts the productivity of human staff.

Embodied AI Decision-Making: 

Leveraging advanced large language models, FlashBot Arm engages in natural conversations with users, enabling human-like decision-making and task planning. When presented with a request, the robot can quickly analyze and decompose tasks while coordinating with other robots within the environment, ensuring efficient and collaborative execution.

Whole-Body Control for Superior Performance:

With Pudu’s extensive expertise in robotic systems integration, FlashBot Arm can simultaneously coordinate the movements of its chassis, robotic arms, and dexterous hand. This whole-body control enhances precision and task execution efficiency, allowing for real-time feedback and optimization that boosts the robot’s adaptability and responsiveness in complex environments.

Safety-First Design Features: 

FlashBot Arm is equipped with an array of high-precision sensors, including RGBD cameras, LiDAR, panoramic cameras, and pressure-sensitive skin, enabling dynamically perceive its surroundings. Coupled with advanced algorithms for dynamic motion planning, it achieves precise force control and stops immediately when encountering obstacles, thus ensuring safety in human-robot interactions.

Natural Multimodal Interaction:

Prioritizing user experience, FlashBot Arm offers multiple interaction modes, making it more approachable and user-friendly. Users can engage with the robot through AI-driven voice commands, gestures, and facial expressions, fostering natural communication. Its appealing design further enhances user engagement, reducing barriers for the public to easily access the benefits of embodied AI technology.

The introduction of the FlashBot Arm marks a major milestone for Pudu Robotics, accelerating the commercialization of humanoid embodied AI service robots. With its robotic arms and embodied intelligence capabilities, FlashBot Arm promises to enhance product functionalities and demonstrate remarkable versatility in various applications.

About Pudu Robotics

Pudu Robotics, a global leader in the service robotics sector, is dedicated to enhancing human productivity and living standards through innovative robot technology. With a focus on R&D, manufacturing, and sales of service robots, Pudu Robotics holds over a thousand authorized patents worldwide, encompassing a wide range of core technologies. The company’s robots have been widely adopted in various industries, including dining, retail, hospitality, healthcare, entertainment, education and manufacturing. To date, Pudu Robotics has successfully shipped over 90,000 units to a variety of markets, with a presence in more than 60 countries and regions worldwide. For more information on business developments and updates, follow PUDU on LinkedIn, Facebook, YouTube, Twitter and Instagram.

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TPIsoftware and GGI Technology Join Hands to Revolutionize Nam Cau Kien Industrial Park with ESG Solutions, Advancing Smart, Sustainable Industrial Development in Vietnam

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TAIPEI, March 31, 2025 /PRNewswire/ — TPIsoftware (TWSE: 7781) and its Vietnam’s partner GGI technology have collaborated in a flagship project to implement AI-powered ESG solutions in Nam Cau Kien Industrial Park to reinforce the country’s commitment to sustainable development in the industrial sector. Following the signing between the key partners, the cross-national project aims to transform Vietnam’s first eco-industrial park, established in 2008, by deploying AI technologies to enhance environmental, social, and governance (ESG) practices, while supporting Vietnam’s goal to achieve net zero emissions by 2050.

Located in Hai Phong, Vietnam, Nam Cau Kien has attracted domestic and foreign investors due to its strategic location in the Northern coastal region and long-term sustainability initiatives. The park has partnered with GGI Technology, a leading environmental consultancy offering advice for GHG and ESG projects, to effectively implement ESG strategies. GreenSwift and ElectriSwift—sustainability solutions by TPIsoftware—have been incorporated into the park’s system for seamless greenhouse gas emissions management and improved energy efficiency.

As a key component of the sustainable development model, GreenSwift, an integrated carbon management platform, is utilized to automate carbon data collection, analysis, and reporting, ensuring carbon auditing efficiency and compliance with international frameworks such as ISO 14064 and the Intergovernmental Panel on Climate Change (IPCC). Complementing the initiative is ElectriSwift, an AI-powered energy management system, which provides real-time insights into energy consumption, identifies inefficiencies through anomaly detection based on acquired power usage patterns, improving overall ESG performance while reducing energy costs.

Ms. Nguyen Thuy Anh, CEO of GGI Technology, stated: “GGI’s mission is to accompany businesses on their journey toward sustainable green transformation, positioning ESG as a strategic foundation for growth. Nam Cau Kien is an ideal partner—bringing together vision, commitment, and determination to lead the green transition of Vietnam’s industrial sector.”

“Nam Cau Kien is committed to building the industrial park model of the future—where economic growth goes hand in hand with environmental and social responsibility,” affirmed Mr. Pham Hong Diep, Chairman of the Board of Directors at Shinec Joint Stock Company, the investor behind Nam Cau Kien Industrial Park. “We are joining hands to create a true ecological industrial park at Nam Cau Kien, spreading the spirit from Hai Phong to investors across the country, and inspiring a mindset of sustainable investment, investment for the future, where economic development is closely tied to environmental protection. This, in turn, helps build a symbiotic ecosystem that brings happiness to the community,” he emphasized.

Dr. Nguyen Kim Anh, ESG advisor and environmental remote sensing expert at the Vietnam Academy of Science and Technology, emphasized: “A truly green industrial park not only applies ESG principles but also requires a centralized management system that connects environmental, energy, and ecological security data on a single digital platform. The application of AIoT, artificial intelligence, remote sensing, and integrated one-stop technologies enables real-time monitoring, operational optimization, and ensures truly sustainable development.”

“ElectriSwift’s implementation in Vietnam’s industrial park marks its global launch, with an upcoming plan to conduct a PoC (Proof of Concept) at the Tainan City Hall in southern Taiwan. This signifies ElectriSwift’s potential to be deployed across public and commercial infrastructure for enhanced utilization and optimization of renewable energy,” said Yilan Yeh, General Manager at TPIsoftware. “Our collaboration with Nam Cau Kien shows how we, as a B2B software leader, leverage our expertise in digital transformation solutions to help enterprises navigate the challenges of technological advancement, sustainable development and regulatory compliance. That is the spirit behind our ‘Tech for Change’ motto—harnessing the power of technology to drive sustainable transformation. It’s about creating smart, market-proven solutions that help organizations meet their ESG goals while building a more resilient and responsible future for the planet.”

 

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TutorABC Expands Leadership Team to Drive Global Growth in Language Learning and Livestreaming E-Commerce Innovation

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TAIPEI, March 30, 2025 /CNW/ — TutorABC, a global leader in online education and live-streaming e-commerce, has appointed George Loup and Maximilian Corbet Smith as Directors of Business Development to lead strategic global expansion. George will oversee language learning and corporate training solutions, while Maximilian will spearhead the global licensing of TutorABCShop.com, the company’s innovative live-commerce platform.

Expanding Global Presence in Language Learning & Corporate Training

George Loup brings over a decade of international education experience, focusing on establishing new partnerships for TutorABC‘s language courses and corporate training solutions. The company already provides premium language training to employees at global enterprises including Apple, Google, Microsoft, and HSBC, leveraging an AI-powered platform that enhances workforce communication and reduces operational costs.

TutorABCShop.com – The Most Advanced Live-Streaming E-Commerce Platform

TutorABCShop.com, backed by US$300 million investment and 19 patented technologies, is revolutionizing retail through innovative live-commerce solutions. The platform offers:

Interactive Shopping in Real Time Seamless Multi-Platform Streaming Maximizing Instant Conversions Engagement Through Entertainment & EducationAdvanced Data & Analytics

Strengthening TutorABC’s Global Leadership

“George and Maximilian bring unparalleled expertise in business development and technology-driven solutions,” said Co-Chairmen Rodney Miles and Samuel Yang. Both executives, educated in the UK and with extensive international experience, are well-positioned to drive TutorABC‘s global expansion in education and e-commerce innovation.

TutorABC has built strategic global partnerships with some of the world’s most prestigious educational institutions and corporations, including Oxford and Cambridge Universities, National Geographic, Barron’s, Kaplan, the British Council, and ETS, reinforcing its dedication to world-class, high-quality education and enterprise solutions.

Blending Strategic Expertise with Global Experience

With over six years of business development experience, Maximilian has led expansion efforts across England, Europe, and Asia, driving market growth and forging strategic partnerships worldwide. He has a proven track record in scaling technology solutions for enterprise clients, with previous clients including HSBC, Lloyds Banking Group, Close Brothers, Virgin Money, Imperial Hotels, Mastercard, EY, and many others.

George, with over a decade of experience in international education, has played a pivotal role in expanding global partnerships and increasing access to premium language and corporate training programs.

Born and raised in Hong Kong, Maximilian and George both bring a unique international perspective. Educated in the UK at Harrow School (Maximilian) and Eton College (George), as well as Manchester University, they are well-positioned to lead TutorABC‘s global expansion and innovation efforts.

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