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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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New Report by TeachBetter.ai Finds 87% of Educators See AI as the Future of Classrooms — Launches Education-Focussed AI Platform at Startup Mahakumbh

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NEW DELHI, April 3, 2025 /PRNewswire/ — In a year where Artificial Intelligence (AI) is dominating global headlines, a new India-specific research report highlights how the country’s educators are responding: with curiosity, urgency, and a clear demand for practical AI tools.

The report, titled ‘The Future of Education with AI: 2025’, was released today by education-focused AI startup, alongside the official launch of its flagship platform for Teachers & Students: TeachBetter.ai

Based on insights from over 500 educators in India across experience levels, school types, and regions, the report is poised to guide stakeholders in leveraging AI to revolutionize the future of education, ensuring inclusivity and improved learning outcomes for all. Access the full report from here.

Key Findings from the Report:

The research, conducted through an extensive survey, identifies critical trends and opportunities in AI adoption across the education landscape:

AI can be a game-changer: 87% of educators believe AI will significantly shape the future of education.AI Adoption on the Rise: Over 77% of educators have explored or implemented AI-powered tools to enhance teaching outcomes and streamline administrative tasks.Reducing Teacher Workload: Educators currently spend nearly 40% of their time on administrative tasks. AI-driven solutions can reduce this workload by over 30%, enabling teachers to focus more on student engagement.Personalized Learning is important: Self-paced learning emerges as a key AI use case, with 68% of educators recognizing its potential to deliver individualized learning experiences.Barriers to AI Adoption Remain High: Lack of training and infrastructure gaps continue to be the biggest roadblocks in AI adoption. Educators are looking for practical, easy-to-use tools that save time — not bulky CRMs or generic, one-size-fits-all chatbot solutions.

“What teachers are asking for is not hype — but help,” said Binit Agarwalla, founder of TeachBetter.ai. “They want AI that supports their day-to-day challenges — saves time, reduces manual effort, and enhances their ability to teach with impact. This report affirms that need — and our platform teachbetter.ai is a direct response to it.”

TeachBetter.ai also announces launch of its Purpose-Built AI platform for Schools, Parents & Students.

To address the needs surfaced in the report, the company also announced the official launch of its AI-powered platform, TeachBetter.ai — now live and open to all educators, schools, students, and parents in India.

For teachers and schools, the platform offers a suite of tools including a lesson plan generator, quiz and worksheet creator, personalized report writer, event planner, presentation generator and more. These tools are designed to dramatically reduce planning time, generate quality teaching resources and enable more meaningful student engagement.

For students and parents, the platform provides concept explainers, doubt solvers, ask me anything chatbot, and other home learning tools. Students can safely research topics, clarify doubts, and create project work using built-in text, image, and video search — all within the platform — eliminating the risk of getting lost or distracted on the open web while searching for educational resources. Parents have the control and visibility, allowing them to keep track of how their child is engaging with the AI platform.

“We built TeachBetter.ai to solve real, everyday challenges faced by teachers, students, and parents. From saving hours on planning to helping students learn safely and independently, every tool in the platform is designed with purpose,” said Vipin Kumar, Co-founder of TeachBetter.ai.

The TeachBetter.ai platform launched at the Startup Mahakumbh, offers extended free access for a limited period. Visit www.teachbetter.ai to start integrating responsible, impactful AI into your educational workflows — and experience how it can simplify teaching and amplify learning.

About TeachBetter.ai

TeachBetter.ai is on a mission to revolutionize education by empowering teachers, schools, parents, and students with cutting-edge AI tools. The platform simplifies teaching, enhances learning outcomes, and fosters a love for learning through personalized support, streamlined workflows, and innovative solutions. By focusing on saving time, improving efficiency, and ensuring inclusivity, TeachBetter.ai is shaping the future of education—making it smarter, more impactful, and accessible to all.

Media Contact:
Vipin Kumar
connect@teachbetter.ai
https://www.teachbetter.ai

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The Pause Technologies Completes Participation in 2025 Mayo Clinic and ASU MedTech Accelerator

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SCOTTSDALE, Ariz., April 2, 2025 /PRNewswire/ — The Pause Technologies, a real-time AI platform dedicated to menopause support, announces the successful completion of the Mayo Clinic and Arizona State University MedTech Accelerator. Out of a global pool of applicants, only ten companies were selected for the 2025 cohort. The Pause Technologies was the only female-founded company included in this year’s cohort.

Founded with a singular mission to redefine menopause through personalized, evidence-based AI, The Pause Technologies is addressing a market often ignored by mainstream health innovation. Its proprietary platform, thePause™, delivers 24/7 real-time symptom support, biometric feedback integration, and clinical-grade insights—transforming how women navigate perimenopause and menopause.

The Mayo Clinic and ASU MedTech Accelerator is one of the most selective programs globally for early-stage medical technology companies. Participants gain unparalleled access to clinical, academic, and commercial expertise to refine their solutions for real-world impact.

“The current healthcare system is reactive and often excludes women’s midlife health experiences entirely. Oprah‘s recent special on menopause has amplified what millions of women already know—that their symptoms are real, their experiences are valid, and their needs have been ignored for far too long,” said Susan Sly, CEO and Founder of The Pause Technologies. “Completing this accelerator validates our mission to deliver intelligent, real-time support to women in menopause. Being the only female-founded company in this cohort underscores exactly why we are here—to build what no one else has built, for women who have waited long enough.”

According to Forbes, more than one billion women are expected to be in menopause globally by 2030, the demand for innovation in this space is rising. thePause™ is built to meet this moment with real-time, adaptive support that empowers women to better understand and manage their health.

“Menopause is still surrounded by stigma, misinformation, and a lack of proactive care,” said Dr. Mia Chorney, Chief Medical Officer and Co-founder of The Pause Technologies. “Through this program, we were able to deepen our clinical validation, pressure-test our architecture with leading minds, and accelerate our strategy to bring better outcomes to more women. Our vision is a world where menopause is not a burden, but a phase of life supported by intelligent, empathetic technology.”

The Pause Technologies is actively scaling partnerships with enterprise healthcare systems, wellness providers, and clinical researchers to expand access and impact.

To learn more about The Pause Technologies and its real-time AI platform for menopause, visit www.thepause.ai.

Media Contact:
Diana Frerick
Director of Strategic Communications
The Pause Technologies
marketing@thepause.ai

About The Pause Technologies:
The Pause Technologies is leading the next frontier of women’s health with a proprietary AI platform designed to support women through perimenopause and menopause. Founded by award-winning AI entrepreneur Susan Sly, thePause™ provides intelligent, personalized, real-time support to help women navigate hormonal change with clarity and control. Headquartered in Scottsdale, Arizona, thePause™ is a woman-founded, science-backed, mission-driven company.

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Terra Drone Signs MOU with Aramco to Drive Innovation and Localization in Drone Technology

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TOKYO, April 2, 2025 /PRNewswire/ — Terra Drone Corporation (“Terra Drone“), the world’s No.1 Drone Service Provider for 2024, has signed a Memorandum of Understanding (MOU) with Aramco, a leading integrated energy and chemicals company in Saudi Arabia. This strategic partnership aims to drive innovation in drones, robotics, and AI-driven solutions for the oil and gas sector while supporting localization efforts.

The MOU aims to enhance collaboration between Terra Drone and Aramco to advance drone technologies for improved safety and efficiency in the energy sector. It serves as a platform for innovation in R&D, technology piloting, training, and localization, aligning with the shared vision of both organizations to develop solutions and local capabilities that support Saudi Arabia’s economic goals.

The MOU was signed by Toru Tokushige, Founder & CEO of Terra Drone Corporation, and Khalid Y. Alqahtani, Aramco’s Senior Vice President of Engineering Services.

In 2023, Terra Drone received funding from Wa’ed Ventures to localize advanced drone technologies. Following this investment, Terra Drone established Terra Drone Arabia, its Saudi Arabian branch, focusing on three strategic objectives: localizing its services in the short term, developing R&D and production facilities in the long term, and supporting job creation for skilled Saudis.

Toru Tokushige, Founder & CEO of Terra Drone Corporation, stated:

“This MOU reflects our commitment to driving innovation and supporting localization in line with Aramco’s vision. Through Terra Drone Arabia, we aim to introduce cutting-edge drone technologies that enhance safety, efficiency, and workforce development.”

The MOU strengthens the partnership between Terra Drone and Aramco, enabling the deployment of innovative drone solutions to address energy sector challenges. Terra Drone leverages its expertise and local presence to support Aramco’s operations and Saudi Arabia’s technological and economic progress. This collaboration aligns with Terra Drone’s commitment to localization, talent development, and fostering a competitive drone industry, contributing to the Kingdom’s economic diversification goals.

Terra Drone
Terra Drone is the No.1 Drone Service Provider in the world for 2024 and was listed on the Tokyo Stock Exchange Growth Market (Stock Code: 278A) on November 29 of the same year. Website: https://terra-drone.net/global/

Terra Drone Arabia
Terra Drone Arabia is a group company of Terra Drone. It provides drone solutions including surveying, bathymetry, and data processing to the Middle East and Africa. Website: https://terra-drone.com.sa/

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SOURCE Terra Drone Corporation

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