Abstract
This IDC study analyzes in detail China' s insurance solution market and its competition landscape in 2007. It also presents the dynamics and forecasts for the insurance IT application solutions segments. Specifically, this study provides China' s top insurance IT solution providers' competition status in 2007 and forecasts of the insurance IT application solution market over the next five years. Meanwhile, a review of IT spending by solution and geographic region as well as a future outlook of the major insurance solution markets is also provided.
"The total market amount of IT solution of the insurance industry in 2007 was RMB 8.087 million, accounting for 57.2% of the total market amount of insurance all-around software and IT service. Core business system is still the main part of investments in the next five years, while bank insurance system, customer relation management (CRM), call center system, and decision support system, with compound annual growth rates (CAGRs) of 29.8%, 28.8%, 28.4% and 26.9%, respectively, will be IT application and investment hotspots of China' s insurance industry within the next five years," says Serena Shang, senior research analyst, Cross Products and Vertical Industry, IDC China.
Table of Contents
- Table of Contents
- IDC Opinion
- In This Study
- Methodology
- Executive Summary
- Situation Overview
- Insurance Development Overview
- Industrial Macropolitical Changes
- Insurance Capital Utilization
- Standardization and Informatization
- Regulation of Insurance Companies
- Regulation of Insurance Agencies
- Industrial Scale and Structural Changes
- Table: Insurance Intermediaries in China, 2003-2007
- Statistics of Insurers and Staff
- Competition Among Insurers of Different Scales
- Small and Medium-Sized Companies' Influence on Insurance
- Subsector Breakdown and Complexity Analysis
- Insurance Industry Chain Analysis
- Review of Insurance Industry in 2007
- Industrial Revenue and Profit Analysis
- Premium Revenue and Profit Growth
- Premium Revenue Structure
- Table: Premium Revenues of Major Property Insurers, 2007 (RMB 100M)
- Table: Premium Revenues and Ranking of Major Domestic Property Insurers, 2006 and 2007
- Table: Premium Revenues and Ranking of Major Foreign Property Insurers, 2006 and 2007
- Table: Premium Revenues of Major Life Insurers, 2007 (RMB 100M)
- Table: Premium Revenues and Ranking of Major Domestic Life Insurers, 2006 and 2007
- Table: Premium Revenues and Ranking of Major Foreign Life Insurers, 2006 and 2007
- Claim and Payment Structure
- Investment Operation
- Table: Main Industry Operation Indicators, 2005-2007 (RMB 100M)
- Listing, Mergers and Acquisitions, and Reconstruction
- Listings
- Mixed Operations
- Acquisitions
- Changes in Equity
- Current Industrial Opportunities and Challenges
- Opportunities of Macroeconomic and Social Development
- Hotspots Continuation of 2007
- Current Industrial Challenges
- Market Competition Analysis
- Industrial Macropolitical Changes
- Current Situation of Insurance IT Market and Application Solutions
- IT Market Scale
- Figure: China Insurance IT Investment by Life and Property, 2007
- Figure: China Insurance IT Investment by Product Share, 2007
- IT Application Maturity
- IT Investment Growth
- Table: Overall Insurance IT Investment by Life and Property, 2005-2007 (RMB M)
- Figure: Overall Insurance IT Investment Comparison, 2005-2007
- Table: Overall Insurance IT Investment by Product, 2005-2007 (RMB B)
- IT Solution Market Situation
- Figure: IDC Insurance IT Solution Taxonomy, 2007
- 2007 Solution Market Overview
- Market Scale
- Figure: Insurance Solution Market by Software & Service, 2007
- Geographical Distribution
- Figure: Insurance IT Solution Market by Geography, 2007
- 2007 Overview of Specific Solution Submarkets
- Figure: Specific Insurance Solutions Market Size by Solution, 2007
- Analysis of Major Solution Market Segments in 2007
- Life Insurance Core Business Solutions
- Figure: Life Insurance Core Business Solution Market by Software & Service, 2007
- Figure: Life Insurance Core Business Solution Market by Geography, 2007
- Property Insurance Core Business Solutions
- Figure: Property Insurance Core Business Solution Market by Software & Service, 2007
- Figure: Property Insurance Core Business Solution Market by Geography, 2007
- Channel and Document Management Solutions
- Figure: Channel-Related Solution Market by Software & Service, 2007
- Figure: Channel-Related Solution Market by Region, 2007
- Management Solutions Submarkets
- Figure: Management-Related Solution Market by Software & Service, 2007
- Figure: Management-Related Solution Market by Geography, 2007
- 2007 Solution Market Overview
- Insurance IT Solution Vendors Analysis
- Market Concentration of Insurance Solution
- Market Competition Overview
- Market Share Overview
- Insurance Solution Vendors' Market Status
- Market Competition Overview
- IDC Market Scope Model Analysis
- Market Share Overview
- Rating of the Overall Market of Insurance IT Solution
- Table: Insurance IT Solution Market: Vendor Revenue & Market Share, 2005-2007
- Rating of Major Solution Market Segments
- Table: Life Insurance Core Business Solution Market: Vendor Revenue & Market Share, 2007
- Table: Property Insurance Core Business Solution Market: Vendor Revenue & Market Share, 2007
- Table: Channel-Related Solution Market: Vendor Revenue & Market Share, 2007
- Table: Management-Related Solution Market: Vendor Revenue & Market Share, 2007
- Market Competition Overview
- Customer IT Requirements
- Top 10 Vendors' Profiles
- Sinosoft
- Overview
- Solutions
- Successful Cases
- Major Strategic Cooperation at Present
- Vendor' s Opportunities and Challenges
- Ebao
- Overview
- Solutions
- Successful Cases
- Major Strategic Cooperation at Present
- Vendor' s Opportunities and Challenges
- CSC
- Overview
- Solutions
- Successful Cases
- Major Strategic Cooperation at Present
- Vendor' s Opportunities and Challenges
- iSoftStone-AI
- Overview
- Solutions
- Successful Cases
- Major Strategic Cooperation at Present
- Vendor' s Opportunities and Challenges
- Longtop/FEnet
- Overview
- Solutions
- Major Strategic Cooperation at Present
- Vendor' s Opportunities and Challenges
- Sunyard
- Overview
- Solutions
- Successful Cases
- Major Strategic Cooperation at Present
- Vendor' s Opportunities and Challenges
- Sinosoft
- Market Concentration of Insurance Solution
- Insurance Development Overview
- Future Outlook
- Forecast and Assumptions
- Table: Key Forecast Assumptions for the China Collaborative Applications Market, 2008-2012
- Insurance Industry Trends
- Demand for Insurance
- Market' s Participant Structure
- Product Innovation
- Bank Insurance Cooperation
- Compliance Management
- IT Applications and User Requirements Development Trend
- Overall Insurance IT Market Development Trend
- Figure: Insurance IT Market Size and Forecast, 2005-2012
- Table: Insurance IT Solutions Market Size and Forecast, 2005-2012 (RMB M)
- Table: Insurance IT Market Growth, 2005-2012 (%)
- Table: Insurance IT Market Forecast by Product Share, 2005-2012 (%)
- Insurance Industry Trends
- IT Solutions Development Trend
- Overall Market Development Trend of Insurance IT Solutions
- Figure: Insurance IT Solution Market Size and Forecast, 2005-2012
- Table: Insurance IT Solution Market Size and Forecast by Software & Service, 2007-2012 (RMB M)
- Table: Insurance IT Solution Market Growth by Software & Service, 2007-2012 (%)
- Table: Insurance IT Solution Market Forecast by Share of Software & Service, 2007-2012 (%)
- Table: Insurance IT Solution Market Size by Geography, 2007-2012 (RMB M)
- Table: Insurance IT Solution Market Growth by Geography, 2007-2012 (%)
- Table: Insurance IT Solution Market Share Forecast by Geography, 2007-2012 (%)
- Specific Application Solution Development Market Trend
- Table: Insurance Solution Market Size and Forecast by Solution, 2007-2012 (RMB M)
- Table: Insurance Solution Market Growth by Solution, 2007-2012 (%)
- Table: Insurance Solution Market Share Forecast by Solution, 2007-2012 (%)
- Development Trend of Comprehensive Business Solutions
- Figure: Marketing Management Solution Market and Forecast, 2005-2012
- Figure: eBusiness Solution Market and Forecast, 2005-2012
- Figure: Call Center Solution Market and Forecast, 2005-2012
- Figure: Bank Insurance System Solution Market and Forecast, 2005-2012
- Figure: Image Management Solution Market and Forecast, 2005-2012
- Figure: Life Insurance Core Business Solution Market and Forecast, 2005-2012
- Figure: Property Insurance Core Business Solution Market and Forecast, 2005-2012
- Figure: Financial Accounting & Management Solution Market and Forecast, 2005-2012
- Management-Related Solutions Market Development Trend
- Figure: Customer Relations Management Market and Forecast, 2005-2012
- Figure: Enterprise Resource Management Market and Forecast, 2005-2012
- Figure: Risk/Compliance Management Solution Market and Forecast, 2005-2012
- Figure: Decision Support Solution Market and Forecast, 2005-2012
- Market Competition State Development Trend
- Market Context
- Table: Insurance IT Solutions Market Forecast, 2005-2012: 2007 Versus 2008 Forecasts
- Figure: Insurance IT Solutions Market Forecast, 2005-2012: 2007 Versus 2008 Forecasts
- Essential Guidance
- Advice for IT Product Vendors
- Advice for IT Solution Vendors
- Advice for Industry End Users
- Table: IDC Recommendations for Insurance Institutions and Solution Providers
- Learn More
- Related Research
- Appendix
- 2007 Insurance Industry Memoranda
- 2007 Related Laws and Regulations
- Table: Insurance-Related Laws and Regulations in China, 2007
- Research Definitions
- Industry Definitions
- Business Insurers
- Insurance Intermediary Companies
- Definitions of Solutions
- Definitions of Insurance IT Solutions
- Figure: IDC Insurance IT Solution Taxonomy
- Definition of Regional Markets
- Table: China Regional Market Definitions
- Industry Definitions
- Synopsis
