Insurance Broker

Risk Analytics Market To Double By 2030

UPDATED ON
May 17, 2023
Mployer Advisor
Mployer Advisor
— Written By
Print Friendly and PDF

Some days, it seems like the world may be just a little less safe than it was the day before, which is a notion born out by increasing demand for catastrophe and war and terrorism coverage, for example. 

Accordingly, it is fitting that the global market for risk analytics software is forecast to more than double over the course of the decade, arriving at over $72 billion dollars projected annually by 2030 after only bringing in about $36 million in 2021.

This growth is spurred, of course, not only by the perception of increased risk, but also by the technological innovations that have made risk assessment processes and plans more efficient, more accurate, and more implementable than perhaps ever before.

You can read more about these developments here.

Want more insights on how your employee benefitscompare to companies in your region, industry, and similaremployer size?
Download Your Custom Benefits Report Now

Next Up

The Employment Situation for May 2024
The latest economic release from the Bureau of Labor Statistics reports that the U.S. added 175 thousand new jobs last month, while the unemployment rate ticked up to 3.9%.
Legal/Compliance Roundup - April 2024
‍Each month, Mployer Advisor collects and presents some of the most relevant and most pressing recent changes in law, compliance, and policy in areas related to employee benefits, health care, and human resources. 
The Market Employment Summary for April 2024
Each month, Mployer Advisor breaks down the Bureau of Labor Statistics’ most recent State Employment and Unemployment Summary to highlight some employment trends across various markets. This is an overview of April’s report.