Global Insurance Technology Business Update H1 2008

Price: $1895

Introduction

The insurance sector is struggling, as premiums are down and the equities, debt and real estate markets continue to slide. In addition, insurers in mature markets are struggling to find pockets of growth. The combination of lower margins, dwindling investment income and market maturity are driving insurers to improve efficiency and develop innovative products.

Scope

• Financial and operational overview of key insurers
• A look at the credit, equities and real estate markets
• Explores the M&A environment in Europe and North America
• Provides an overview of two strategies CRM and Policy Administration BPO that insurers are increasingly adopting

Highlights

Interestingly, auto claims may decline as a result of less and/or less aggressive driving due to high fuel prices, which could, in turn, enable insurers to regain some of the margin lost to lower rates.

North American IT spending should improve heading into 2009, while Asia Pacific IT spending will remain the same, which means that it will continue to be a more robust marketplace than either North America or Europe.

Small insurers, which have been the slowest to adopt policy administration BPO, are shifting their strategy because today's competitive marketplace requires them to reduce costs and devote greater resources to value-add functions.

Why you should buy this report

Interestingly, auto claims may decline as a result of less and/or less aggressive driving due to high fuel prices, which could, in turn, enable insurers to regain some of the margin lost to lower rates.

North American IT spending should improve heading into 2009, while Asia Pacific IT spending will remain the same, which means that it will continue to be a more robust marketplace than either North America or Europe.

Small insurers, which have been the slowest to adopt policy administration BPO, are shifting their strategy because today's competitive marketplace requires them to reduce costs and devote greater resources to value-add functions.