Authors: Li-May Chew, Jessica Ding

Business Strategy
October, 2010  -  Doc # FIN225188
Number of Pages: 31
Number of Figures: 11

This IDC Financial Insights report analyzes the development of China's insurance industry IT solutions market, spotlighting the market's size, segmental technology spending, and the insurers' investment within specific IT solutions segments. It also provides a detailed analysis of the insurance industry solutions vendors, including their revenues, market positioning, and rankings within major solution segments.

The report concludes with a segment on our projections on how China's insurance industry IT solutions market would expand going forth, including the provision of specifics for various solutions market for the next five years. This document accompanies a preceding publication entitled Business Strategy: Country Report — The Ascension of China's Insurance Sector (Financial Insights #FIN225091, October 2010).

"China's insurance industry IT solutions market remained fairly concentrated, with the top 5 vendors — ChinaSoft, Longtop, eBaoTech, CSC, and SoftStone — accounting for 66.9% of the overall market revenue in 2009. The comprehensive business solutions market was dominated by local vendors, while foreign vendors were more active in management-related solutions segments," remarks Li-May Chew, CFA, associate research director for IDC Financial Insights' Asia/Pacific Financial Advisory Service.

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