Insurance ERP Adoption Among the Global Top 100
Insurance ERP Adoption Among the Global Top 100

This report delves into the adoption of Insurance ERP by the Global Top 100 companies, both privately-held and publicly-traded, as ranked by size, including employee count and revenue metrics, such as those found in the Fortune 1000 and Global 2000 listings. We explore how these leading enterprises are leveraging Insurance ERP to pursue strategic goals and drive lasting benefits across various business functions.

The adoption of Insurance ERP within these top companies reveals significant investments in ERP Services and Operations technology, highlighting a broad and diverse approach. These organizations frequently partner with multiple vendors, integrating complementary ERP Services and Operations solutions to achieve their business objectives. This multi-vendor approach allows them to tailor ERP Services and Operations deployments that drive competitive advantages, operational efficiencies, and overall sustainability.

Our latest findings detail the software purchases related to Insurance ERP among these top 100 enterprises, their technology investments span a range of ERP Services and Operations tools and solutions, underscoring the complexity of ERP Services and Operations adoption at this level.

Insurance ERP Vendors Among the Global Top 100

Guidewire currently holds a 22% market share in the Insurance ERP space, making it the leading provider among the Global Top 100, followed by Sapiens International, FIS Global, Vitech Systems Group, and SAP.

VendorsInsurance ERP AppsMarket Share
GuidewireGuidewire InsuranceSuite, Guidewire InsuranceNow22%
Sapiens InternationalSapiens IDITSuite for Property & Casualty (formerly Sapiens IDIT), Sapiens CoreSuite for Property & Casualty, Sapiens CoreSuite for Life & Annuities, Sapiens ReinsurancePro, Sapiens ReinsuranceMaster, Sapiens IllustrationPro13%
FIS GlobalFIS SunGard iWorks12%
Vitech Systems GroupV3locity Insurance Administration7%
KeylaneKeylane Axon6%
SAPSAP S/4 HANA – Reinsurance Management (FS-RI), SAP S/4HANA Cloud for insurance, SAP for Insurance6%
eBaoTecheBaoTech GeneralSystem Suite, eBaoTech LifeSystem Suite5%
VertaforeVertafore BenefitPoint, Vertafore Sagitta5%
ActurisActuris Insurance Platform5%
AccentureAccenture Life Insurance & Annuity Platform (ALIP)4%
Duck Creek TechnologiesDuck Creek Suite,Duck Creek Reinsurance4%
MajescoMajesco P&C Intelligent Core Suite, Majesco CloudInsurer3%
Polaris UK LtdPolaris IMarket3%
EbixEbix WinFlex Multi-Carrier, eBix eGlobal2%
LOGiQ3TAI Reinsurance Management System1%
I4PROI4PRO ERP1%
Cegedim Insurance SolutionsCegedim Beyond1%
InsurityInsurity ConceptOne1%
PhinsysPhinsys Platform1%
SSP GroupSSP Select Insurance1%
Grand Total100%

The insights derived from our research will empower marketers, product managers, and IT professionals to better understand the adoption trends shaping the future of Insurance ERP. These trends can potentially lead to significant shifts within the competitive landscape, impacting strategies and market positioning for years to come.

By monitoring these top enterprises and their technology choices, we equip our clients with the knowledge needed to anticipate changes and stay ahead in the rapidly transforming world of enterprise software and ERP Services and Operations innovation.

Custom data cuts related to the Insurance ERP Market are available:

  • Top Insurance ERP Vendors, Market Size and Market Forecast 2023-2027
  • Insurance ERP Market By Vertical Market (21 Industry)
  • Insurance ERP Market By Country (USA + 45 countries)
  • Insurance ERP Market By Region (Americas, EMEA, APAC)
  • Insurance ERP Market By Customer Size (revenue, employee count, asset)
  • Insurance ERP Market By Channel (Direct vs Indirect)
  • Insurance ERP Market By Vendor or Product
    Buyer Intent: Companies Reading this Research Report
    ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively reading this research report. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively accessing this research report include:
    1. New York Life Insurance, a United States based Insurance organization with 15050 Employees
    2. Virtuoso QA, a United Kingdom based Professional Services company with 150 Employees
    LogoCompanyIndustryEmployeesRevenueCountryEvaluated
    New York Life InsuranceInsurance15050$58.4BUnited States2024-11-11
    SubscribeSubscribeProfessional Services150$15MUnited Kingdom2024-11-03

Global Top 100 adopting Insurance ERP

The influence of these top 100 organizations on the broader ERP Services and Operations market is profound, despite their representation of only a small segment of the digital transformations we track annually. These companies often serve as early adopters and trendsetters, shaping the future of ERP Services and Operations and driving innovations that impact the industry at large.

Our Buyer Insight Technographics Database provides a closer look at these major organizations, capturing the size and intricacy of their IT stacks, along with the frequency of their technology investments. This unique database reveals patterns in ERP Services and Operations adoption and highlights emerging trends, which are crucial for understanding the evolving landscape of Insurance ERP.

Our research team continuously tracks the adoption of various Insurance ERP, drawing on both publicly available information, such as press releases and case studies, and proprietary data sources. Each quarter, we update our records to reflect new ERP Services and Operations implementations, providing clients with current and relevant insights into market shifts.

Here are the Global Top 100 companies and their adoption of Insurance ERP

CustomerIndustryEmployeesRevenueCountryVendorInsurance ERP AppsWhen
Toronto-Dominion BankBanking and Financial Services103257$39.6BCanadaGuidewireGuidewire InsuranceSuite2012
Marsh McLennanInsurance85000$22.7BUnited StatesVertaforeVertafore Sagitta2019
Marsh McLennanInsurance85000$22.7BUnited StatesVertaforeVertafore BenefitPoint2019
Assicurazioni GeneraliInsurance81879$78.7BItalyFIS GlobalFIS SunGard iWorks2012
Old Mutual WealthBanking and Financial Services56812$22.5BUnited KingdomAccentureAccenture Life Insurance & Annuity Platform (ALIP)2012
Desjardins GroupBanking and Financial Services56000$14.8BCanadaVitech Systems GroupV3locity Insurance Administration2023
Manulife Financial CorporationBanking and Financial Services38000$42.3BCanadaFIS GlobalFIS SunGard iWorks2014
Manulife Financial CorporationBanking and Financial Services38000$42.3BCanadaVitech Systems GroupV3locity Insurance Administration2015
USAAInsurance37000$32.2BUnited StatesAccentureAccenture Life Insurance & Annuity Platform (ALIP)2018
Sun Life FinancialInsurance29169$23.2BCanadaFIS GlobalFIS SunGard iWorks2009
Aegon Nederlandinsurance26000$27.3BNetherlandsKeylaneKeylane Axon2020
Chubb USAInsurance26000$32.3BUnited StatesDuck Creek TechnologiesDuck Creek Suite2018
American International Group (AIG)Insurance25000$47.3BUnited StatesFIS GlobalFIS SunGard iWorks2013
AvivaInsurance24364$27.1BUnited KingdomFIS GlobalFIS SunGard iWorks2005
Principal Financial GroupInsurance19800$13.7BUnited StatesFIS GlobalFIS SunGard iWorks2006
SubscribeBanking and Financial Services18700$24.3BUnited StatesFIS GlobalFIS SunGard iWorks2008
SubscribeInsurance16152$4.3BUnited StatesActurisActuris Insurance Platform2024
SubscribeInsurance14870$58.8BSwitzerlandMajescoMajesco CloudInsurer2020
SubscribeInsurance14676$21.4BUnited KingdomAccentureAccenture Life Insurance & Annuity Platform (ALIP)2018
SubscribeInsurance14676$21.4BUnited KingdomVitech Systems GroupV3locity Insurance Administration2018
SubscribeInsurance13800$10.2BSwitzerlandSAPSAP for Insurance2010
SubscribeInsurance13500$4.1BUnited KingdomSapiens InternationalSapiens IDITSuite for Property & Casualty (formerly Sapiens IDIT)2016
SubscribeBanking and Financial Services13388$10.3BBelgiumPolaris UK LtdPolaris IMarket2013
SubscribeInsurance12479$8.8BAustraliaGuidewireGuidewire InsuranceNow2016
SubscribeInsurance11763$6.3BCanadaFIS GlobalFIS SunGard iWorks2005
SubscribeInsurance11316$18.9BUnited StatesVitech Systems GroupV3locity Insurance Administration2021
SubscribeInsurance11316$18.9BUnited StatesAccentureAccenture Life Insurance & Annuity Platform (ALIP)2015
SubscribeInsurance11181$18.5BIndiaDuck Creek TechnologiesDuck Creek Suite2024
SubscribeGovernment11000$4.7BUnited StatesVitech Systems GroupV3locity Insurance Administration2017
SubscribeInsurance10750$3.1BUnited StatesVertaforeVertafore BenefitPoint2018
SubscribeInsurance10000$21.7BSouth KoreaSAPSAP S/4HANA Cloud for insurance2015
SubscribeInsurance10000$2.5BUnited StatesVertaforeVertafore Sagitta2017
SubscribeInsurance9387$4.0BUnited KingdomSSP GroupSSP Select Insurance2017
SubscribeInsurance9182$16.4BGermanyFIS GlobalFIS SunGard iWorks2012
SubscribeInsurance8953$6.2BUnited KingdomGuidewireGuidewire InsuranceSuite2022
SubscribeInsurance8300$9.3BUnited StatesFIS GlobalFIS SunGard iWorks2005
SubscribeInsurance8105$1.8BCzech RepublicGuidewireGuidewire InsuranceSuite2024
SubscribeInsurance8000$13.0BGermanySAPSAP S/4 HANA – Reinsurance Management (FS-RI)2014
SubscribeInsurance8000$2.0BSingaporeeBaoTecheBaoTech LifeSystem Suite2014
SubscribeInsurance7000$2.0BSingaporeSapiens InternationalSapiens IDITSuite for Property & Casualty (formerly Sapiens IDIT)2017
SubscribeInsurance7000$4.8BCanadaGuidewireGuidewire InsuranceSuite2021
SubscribeInsurance6823$8.5BFinlandSAPSAP S/4HANA Cloud for insurance2014
SubscribeInsurance6000$9.3BSingaporeeBaoTecheBaoTech LifeSystem Suite2010
SubscribeProfessional Services6000$2.5BUnited StatesVitech Systems GroupV3locity Insurance Administration2010
SubscribeInsurance5700$2.6BCanadaGuidewireGuidewire InsuranceSuite2023
SubscribeInsurance5063$5.6BNetherlandsKeylaneKeylane Axon2020
SubscribeInsurance4692$8.9BUnited KingdomSapiens InternationalSapiens CoreSuite for Life & Annuities2016
SubscribeBanking and Financial Services4600$9.0BNetherlandsFIS GlobalFIS SunGard iWorks2005
SubscribeInsurance4500$400MUnited KingdomActurisActuris Insurance Platform2021
SubscribeInsurance4300$1.2BGermanySAPSAP S/4 HANA – Reinsurance Management (FS-RI)2014
SubscribeInsurance4001$2.6BNorwaySapiens InternationalSapiens CoreSuite for Life & Annuities2024
SubscribeInsurance4000$2.5BCanadaGuidewireGuidewire InsuranceSuite2013
SubscribeInsurance3597$2.7BUnited StatesGuidewireGuidewire InsuranceSuite2012
SubscribeInsurance3400$579MFinlandGuidewireGuidewire InsuranceSuite2018
SubscribeInsurance3309$1.6BBelgiumSapiens InternationalSapiens IDITSuite for Property & Casualty (formerly Sapiens IDIT)2016
SubscribeInsurance3100$214MAustraliaEbixeBix eGlobal2013
SubscribeInsurance3100$1.3BNetherlandsKeylaneKeylane Axon2017
SubscribeInsurance3000$3.9BUnited KingdomSapiens InternationalSapiens CoreSuite for Property & Casualty2016
SubscribeInsurance2500$1.0BUnited StatesGuidewireGuidewire InsuranceSuite2014
SubscribeProfessional Services2500$630MUnited StatesPolaris UK LtdPolaris IMarket2015
SubscribeInsurance2500$450MUnited StatesEbixEbix WinFlex Multi-Carrier2007
SubscribeInsurance2100$1.3BUnited StatesSapiens InternationalSapiens IllustrationPro2024
SubscribeInsurance2100$1.1BCanadaGuidewireGuidewire InsuranceSuite2023
SubscribeInsurance2082$5.3BBermudaDuck Creek TechnologiesDuck Creek Suite2019
SubscribeInsurance2000$500MBrazileBaoTecheBaoTech GeneralSystem Suite2013
SubscribeInsurance1800$119MUnited KingdomActurisActuris Insurance Platform2014
SubscribeInsurance1777$225MCanadaGuidewireGuidewire InsuranceSuite2015
SubscribeInsurance1650$605MThailandSapiens InternationalSapiens CoreSuite for Property & Casualty2024
SubscribeInsurance1650$605MThailandSapiens InternationalSapiens IDITSuite for Property & Casualty (formerly Sapiens IDIT)2024
SubscribeInsurance1650$605MThailandSapiens InternationalSapiens ReinsuranceMaster2024
SubscribeInsurance1600$1.2BUnited StatesSapiens InternationalSapiens CoreSuite for Property & Casualty2019
SubscribeInsurance1543$274MUnited StatesSAPSAP S/4 HANA – Reinsurance Management (FS-RI)2023
SubscribeInsurance1500$1.4BUnited StatesGuidewireGuidewire InsuranceSuite2015
SubscribeInsurance1500$3.2BUnited StatesGuidewireGuidewire InsuranceSuite2022
SubscribeInsurance1380$3.0BBelgiumKeylaneKeylane Axon2016
SubscribeInsurance1320$29.3BUnited KingdomDuck Creek TechnologiesDuck Creek Reinsurance2023
SubscribeInsurance1300$241MUnited StatesInsurityInsurity ConceptOne2014
SubscribeInsurance1297$300MTaiwaneBaoTecheBaoTech GeneralSystem Suite2016
SubscribeInsurance1273$2.1BBermudaeBaoTecheBaoTech GeneralSystem Suite2010
SubscribeInsurance1249$382MUnited KingdomSapiens InternationalSapiens IDITSuite for Property & Casualty (formerly Sapiens IDIT)2018
SubscribeProfessional Services1150$222MUnited KingdomGuidewireGuidewire InsuranceSuite2023
SubscribeInsurance1000$1.5BUnited KingdomActurisActuris Insurance Platform2018
SubscribeInsurance1000$730MUnited StatesMajescoMajesco P&C Intelligent Core Suite2023
SubscribeInsurance1000$2.8BUnited StatesGuidewireGuidewire InsuranceSuite2019
SubscribeInsurance900$305MNew ZealandGuidewireGuidewire InsuranceSuite2024
SubscribeInsurance860$1.0BNetherlandsKeylaneKeylane Axon2017
SubscribeInsurance750$500MDenmarkSapiens InternationalSapiens IDITSuite for Property & Casualty (formerly Sapiens IDIT)2019
SubscribeInsurance592$120MUnited KingdomGuidewireGuidewire InsuranceSuite2019
SubscribeInsurance500$900MUnited StatesVitech Systems GroupV3locity Insurance Administration2014
SubscribeInsurance500$139MUnited KingdomPhinsysPhinsys Platform2020
SubscribeInsurance500$100MUnited StatesVertaforeVertafore BenefitPoint2017
SubscribeInsurance500$139MUnited StatesGuidewireGuidewire InsuranceNow2018
SubscribeInsurance500$559MUnited StatesLOGiQ3TAI Reinsurance Management System2022
SubscribeBanking and Financial Services492$200MFranceCegedim Insurance SolutionsCegedim Beyond2019
SubscribeBanking and Financial Services453$609MUnited StatesFIS GlobalFIS SunGard iWorks2006
SubscribeInsurance450$85MNetherlandsKeylaneKeylane Axon2024
SubscribeInsurance448$636MUnited StatesFIS GlobalFIS SunGard iWorks2020
SubscribeInsurance400$70MUnited StatesGuidewireGuidewire InsuranceSuite2024
SubscribeInsurance400$250MUnited StatesGuidewireGuidewire InsuranceNow2019
SubscribeInsurance389$67MUnited KingdomActurisActuris Insurance Platform2021
SubscribeBanking and Financial Services370$55MUnited StatesMajescoMajesco P&C Intelligent Core Suite2021
SubscribeInsurance350$100MUnited StatesSapiens InternationalSapiens ReinsurancePro2024
SubscribeInsurance320$58MUnited StatesGuidewireGuidewire InsuranceNow2024
SubscribeInsurance317$240MJapanGuidewireGuidewire InsuranceSuite2020
SubscribeProfessional Services312$48MUnited KingdomPolaris UK LtdPolaris IMarket2018
SubscribeInsurance300$2.0BBrazilI4PROI4PRO ERP2016

Source: APPS RUN THE WORLD, October 2024

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than ten million software purchases and records on the enterprise software landscape of over 2 million organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.