What are our data sources?
We use the data sources on the side for ranking solutions and awarding badges in insurance analytics software category. Our data sources in insurance analytics software category include;
Insurance analytics software helps insurance companies conduct analysis in key insurance practices such as:
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We use the data sources on the side for ranking solutions and awarding badges in insurance analytics software category. Our data sources in insurance analytics software category include;
review websites
social media websites
search engine data for branded queries
According to the weighted combination of 7 data sources
SmartCompliance
Tableau Insurance Analytics
Quantemplate
RiskMatch
Applied Analytics
Taking into account the latest metrics outlined below, these are the current insurance analytics software market leaders. Market leaders are not the overall leaders since market leadership doesn’t take into account growth rate.
SmartCompliance
Tableau Insurance Analytics
RiskMatch
Quantemplate
Octo
These are the number of queries on search engines which include the brand name of the solution. Compared to other Insurtech categories, Insurance Analytics Software is more concentrated in terms of top 3 companies’ share of search queries. Top 3 companies receive 96%, 11% more than the average of search queries in this area.
595 employees work for a typical company in this solution category which is 574 more than the number of employees for a typical company in the average solution category.
In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 9 companies with >10 employees are offering insurance analytics software. Top 3 products are developed by companies with a total of 10k employees. The largest company building insurance analytics software is Moody's Analytics with more than 5,000 employees.
Taking into account the latest metrics outlined below, these are the fastest growing solutions:
SmartCompliance
Applied Analytics
Tableau Insurance Analytics
Quantemplate
Octo
We have analyzed reviews published in the last months. These were published in 4 review platforms as well as vendor websites where the vendor had provided a testimonial from a client whom we could connect to a real person.
These solutions have the best combination of high ratings from reviews and number of reviews when we take into account all their recent reviews.
This data is collected from customer reviews for all Insurance Analytics Software companies. The most positive word describing Insurance Analytics Software is “Easy to use” that is used in 4% of the reviews. The most negative one is “Clunky” with which is used in 2.00% of all the Insurance Analytics Software reviews.
According to customer reviews, most common company size for insurance analytics software customers is 1-50 Employees. Customers with 1-50 Employees make up 66% of insurance analytics software customers. For an average Insurtech solution, customers with 1-50 Employees make up 65% of total customers.
These scores are the average scores collected from customer reviews for all Insurance Analytics Software. Insurance Analytics Software is most positively evaluated in terms of "Overall" but falls behind in "Likelihood to Recommend".
This category was searched on average for 128 times per month on search engines in 2022. This number has decreased to 90 in 2023. If we compare with other insurtech solutions, a typical solution was searched 265 times in 2022 and this decreased to 170 in 2023.