Abstract
This Financial Insights report is the first in a series of annual reports that
profile a group of selected up and coming (U&C) technology firms that support
the insurance industry. In future years, Financial Insights will review the
progress of past U&C firms in addition to the annual report about that year' s
class. The main objectives of these annual reports are to assist insurers to
think beyond their traditional short list, alert technology firms about firms
they might acquire or partner, and identify for venture capital firms emerging
technology firms for potential tracking, investment, or acquisition.
This report is based on interviews of executives at U&C firms conducted in
January through April 2008 and Financial Insights' s analysis of the information
collected.
"It' s easy to think the insurance technology space is collapsing to a handful
of very large technology firms. Easy, but wrong. The InsTech space has had wave
after wave of new technology firms emerge that are striving to provide value to
insurance companies in ways that are better or different that the existing
competition, states Barry Rabkin, senior research analyst of insurance,
Financial Insights.
Table of Contents
- Table of Contents
- Financial Insights Opinion
- In This Report
- Situation Overview
- Introducing the 2008 Class of U&C Insurance Technology Firms
- Quick Profile of the U&C Class of 2008
- Table: Quick Profile of the Class of 2008 Up and Coming InsTech Firms by Technology Space
- U&C Technology Areas
- Figure: Insurance Company Value Chain
- Delving Deeper into the U&C InsTech Class of 2008
- Figure: An Extended View of the Firm
- Table: Core Elements of U&C InsTech Sourcing Firms
- Table: Core Elements of U&C InsTech Analytics Firms
- Strategic Play
- Table: Profiling the Strategic Play of U&C InsTech Sourcing Firms
- Table: Profiling the Strategic Play of U&C InsTech Analytics Firms
- Product Development, Deployment, and Support
- Table: U&C Sourcing InsTech Firms Product Development and Deployment Profile
- Table: U&C Analytics InsTech Firms Product Development and Deployment Profile
- To Market, To Market
- Target Insurance Markets
- Figure: Target Insurance Markets of Blue Cod Technologies
- Figure: Target Insurance Markets of Guidewire Software
- Figure: Target Insurance Markets of FirstBest Systems
- Figure: Target Insurance Markets of Valen Technologies
- Figure: Target Insurance Markets of Full Capture Solutions
- Figure: Target Insurance Markets of EagleEye Analytics
- Marketing and Distribution
- Table: U&C Sourcing InsTech Firms Marketing and Distribution Methods
- Table: U&C Analytics InsTech Firms Marketing and Distribution Methods
- Financial Resources
- Venture Capital Involvement
- Figure: Range of VC Funding Levels by Round for U&C Firms
- Revenue Information
- Table: U&C Sourcing Firms Revenue Profile
- Table: U&C Analytics Firms Revenue Profile
- Client Information
- Table: U&C Sourcing Firms Client Profile
- Tracking Success
- Table: U&C Sourcing Firms Success Measures and Challenges
- Table: U&C Analytics Firms Success Measures and Challenges
- Future Outlook
- Market Dynamics
- Figure: Technology Firm Maturity S Curve Model
- Insurance Market Influence Factors Model
- Competitive Forces in InsTech Space
- Prognosis for U&C InsTech Firms
- Table: Prognosis for U&C Sourcing Firms
- Table: Prognosis for U&C Analytics Firms
- Essential Guidance
- Actions for Insurance Companies
- Actions for Technology Firms
- Learn More
- Related Research
- Appendix A: Comprehensive U&C InsTech Firm Elements
- Figure: Comprehensive Firm Elements of U&C Sourcing Firms
- Figure: Comprehensive Firm Elements of U&C Analytics Firms
- Appendix B: Selected Actions of U&C InsTech Firms
- Figure: Selected Activities of U&C Sourcing Firms
- Figure: Selected Activities of U&C Analytics Firms
- Synopsis
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