Claims Processing Software Market — Driving Efficiency and Accuracy in Insurance Operations

Overview

The claims processing software market is a critical component of the global insurance technology ecosystem, providing tools that streamline, automate, and optimize the end-to-end management of insurance claims. These platforms enable insurers to handle large claim volumes efficiently, reduce administrative overheads, enhance accuracy, and improve customer satisfaction through faster settlements.

Claims processing software integrates artificial intelligence (AI), automation, machine learning (ML), and predictive analytics to verify claims, detect fraud, and manage workflows. As insurers increasingly shift toward digital-first operations, the demand for advanced, cloud-based claims management solutions continues to rise across life, health, property, and auto insurance sectors.

Market Size and Growth Outlook

The global claims processing software market was valued at approximately USD 38–40 billion in 2024 and is projected to reach USD 75–80 billion by 2030, growing at a CAGR of around 11–12%.