According to the research report “Global Claim Processing Software Market Outlook, 2030” published by Bonafide Research, the global market is projected to reach market size of USD 66.38 Billion by 2030 increasing from USD 41.05 Billion in 2024, growing with 8.52% CAGR by 2025-30

Top Six Companies Global Claim Processing Software Market

Guidewire Software, Inc: Guidewire Software Inc (Guidewire) is a provider of software and services to the property and casualty insurance industries. The company combines digital engagement, core operations, analytics, and artificial intelligence (AI) to provide its platform as a cloud service. It also provides implementation, training, and cloud-based services. The company markets its offerings through subscription services and self-managed products through term licenses. Guidewire serves insurers and carriers through direct sales teams. It also offers repair, maintenance, and professional services. The company's business operations span the Americas, Africa, Europe, the Middle East, and the Asia-Pacific. Guidewire Software Inc. develops and publishes enterprise software for the property and casualty insurance industry. The Company's software supports the workflow, collaboration with external partners, and rule-based decision-making that characterize modern underwriting and claims operations. Guidewire Software serves customers in the United States.

• Established: 2001

• Headquarters: California, United States

• Employees: 3,469

• Revenue: USD 980 Million

Sapiens International Corporation N.V: Sapiens International Corporation NV (Sapiens), a subsidiary of Formula Systems (1985) Ltd, provides intelligent insurance software solutions. The company's main activities include offering open, AI-driven solutions and industry expertise to aid in digital transformation for insurers. Sapiens' major products include the Sapiens Insurance Platform, which leverages core capabilities with digital, data, and decision automation backed by AI and ML. In addition, Sapiens offers services such as consulting, training, migration, hosting, support services, acceptance testing and applications cloud services. The platform provides solutions for property and casualty, life and pensions, reinsurance, and more. Sapiens also offers its' products to insurers to modernize their businesses, optimize operations, and grow their businesses. It operates in Europe, North America and Asia-Pacific. Sapiens International Corporation N.V. is a global provider of information technology (IT) solutions. The Company's solutions modernize business processes and enable insurance organizations and other companies to adapt quickly to change. Sapiens modular solutions align IT with the business demands for speed, flexibility, and efficiency.

• Established: 1982

• Headquarters: Holon, Israel

• Employees: 5000+

• Revenue: USD 514 Million

Newgen Software Technologies Ltd: Newgen Software Technologies is a global software Company and is engaged in the business of software product development including designing and delivering end-to-end software solutions covering the entire spectrum of software services from workflow automation to Document management to imaging. Newgen is the leading provider of AI-enabled unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen’s industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. Newgen unlocks simple with speed and agility.

• Established: 1992

• Headquarters: New Delhi, India

• Employees: 4400+

• Revenue:  USD 130 Million

FINEOS: FINEOS Corporation Holdings PLC is a prominent global provider of core systems for the Life, Accident, and Health insurance sectors, delivering modern, customer-centric software solutions that enable insurers to streamline operations and enhance customer experiences. The company's flagship offering, the FINEOS Platform is a comprehensive, cloud-native core insurance platform designed specifically for the Employee Benefits and Life, Accident, and Health markets. The FINEOS Platform seamlessly blends FINEOS AdminSuite + FINEOS Engage + FINEOS Insight + Platform Capabilities to create the most modern SaaS core insurance platform for Employee Benefits and Life, Accident and Health.

• Established: 1993

• Headquarters: Dublin, Ireland

• Employees: 750+

• Revenue: USD 135 Million

Hyland Software, Inc: Hyland Software is the developer of the enterprise content management (ECM) and process management software suite called OnBase. Applications of the suite are used in healthcare, financial institutions, insurance, government, higher education and manufacturing. The firm has its headquarters in Westlake, Ohio. Hyland uniquely empowers organizations with unified access to AI-enabled enterprise content and unstructured data across repositories, unlocking profound insights that fuel innovations fundamentally redefining how they operate and engage with those they serve. 

• Established: 1991

• Headquarters: Ohio, United States 

• Employees: 3,500

• Revenue: Estimated USD 1000 Million 

Verisk Analytics, Inc: Verisk Analytics Inc (Verisk) a provider of data, analytics, and technology solutions to customer in operating in the insurance, and financial services industry. The company offers anti-fraud solutions, expert scoring systems, catastrophe modeling, pricing, underwriting, and rating solutions for the insurance sector. Verisk also offers customized analytic services, decisioning algorithms, competitive benchmarking and business intelligence to the financial services sector. Verisk also offers customized analytic services, decisioning algorithms, competitive benchmarking and business intelligence to the financial services sector. The company also provides industry-standard insurance programs, and property-specific rating and underwriting information services to property and casualty insurance customers. It has business presence across Americas, Europe, Asia, Africa, and Oceania.

• Established: 1971

• Headquarters: New Jersey, United States

• Employees: 7,500

• Revenue: USD 2,681 Million