Abstract
This Financial Insights report presents a comprehensive view of the IT trends, challenges, and opportunities that will shape the U.S. insurance industry in 2008. From reporting on the general health of the industry, zeroing in on the fastest-growing geographic segments and top technology buyers, to key IT budget and industry metrics, this guide provides both insurance companies and technology companies supporting the insurance industry with a bird' s-eye view of everything needed to build a go-to-market plan for the coming year.
"Insurers are facing new risks and pressures at every turn: producers are demanding easier ways to work with the firm, policyholders are expecting products and services that fulfill their mortality and morbidity requirements in ways they can understand and afford, and regulators are demanding significantly more transparency and capital adequacy. Regardless of these pressures, insurers will win not on their cost improvement capabilities but instead on their ability to provide world-class service and innovative products and services." - Barry Rabkin, senior research analyst, Insurance, Financial Insights
Table of Contents
- Table of Contents
- Financial Insights Opinion
- In This Report
- Situation Overview
- Industry Health and Outlook for 2008
- Industry Shape and Size
- Figure: U.S. IT Spending Opportunity by Industry
- Industry Indicators and Key Business Metrics
- Industry Health and Outlook for 2008
- Future Outlook
- Business Initiatives That Will Drive IT Investments in 2008
- Table: Top 10 Strategic Initiatives for the Global Insurance Industry for 2008
- Figure: U.S. Insurance Industry Top Critical Business Initiatives, 2007
- 2008 Predictions
- 2008 IT Investment Priorities for the Insurance Industry
- Table: North America Insurance Industry IT Spending by Subindustry, 2007 and 2008 ($M)
- Figure: North America Insurance Industry IT Budget Share by Segment, 2008
- 2008 Software Investment Priorities for the Insurance Industry
- Table: North America Insurance Industry Software Spending by Subindustry, 2007 and 2008 ($M)
- Figure: U.S. Insurance Industry Top Application Investment Plans, 2008
- Figure: U.S. Insurance Industry Top Insurance Application Investment Plans, 2008
- Figure: U.S. Insurance Industry Emerging Software Technology Investment Plans, 2008
- 2008 Infrastructure Investment Priorities for the Insurance Industry
- Table: North America Insurance Industry Hardware Spending by Subindustry, 2007 and 2008 ($M)
- Table: U.S. Insurance Industry Storage Systems Spending by Environment, 2007 and 2008 ($M)
- Figure: U.S. Insurance Industry Storage Capacity by Subindustry, 2007
- Table: U.S. Insurance Industry Server Spending by Platform, 2007 and 2008 ($M)
- 2008 Communications Investment Priorities for the Insurance Industry
- Figure: U.S. Insurance Industry Communications Technology Investment Plans, 2008
- 2008 Services Investment Priorities for the Insurance Industry
- Table: North America Insurance Industry Services Spending by Subindustry, 2007 and 2008 ($M)
- Figure: U.S. Insurance Industry Business Process Outsourcing Investment Plans, 2008
- Figure: U.S. Insurance Industry Sourcing Preferences for Business Process Outsourcing
- Essential Guidance
- Going to Market in the Insurance Industry
- Table: U.S. Insurance Industry IT Spending for the Top 5 Vendors, 2008
- Figure: U.S. Insurance Industry IT Spending Growth for the Top 5 Vendors, 2008
- Competing Effectively in the Insurance Industry
- Table: Worldwide Revenue for the Top 5 IT Vendors, 2006
- Table: Worldwide Revenue for the Top 5 Software Vendors, 2006
- Table: U.S. Revenue for the Top 5 Services Vendors, 2006
- Learn More
- Related Research
- Synopsis
