Author: Li-May Chew

Vendor Assessment
April, 2012  -  Doc # FIN234443
Number of Pages: 52
Number of Figures: 3

This IDC Financial Insights report assesses in detail the prominent insurance technology vendors in the Asia/Pacific (including Japan) (APJ) region and the products, services, and solutions they offer.

"Insurers in Asia/Pacific have their hands full coping with the recent economic malaises that have plagued businesses across the globe. Add to that the evolving demographics, changing customer mindset and rising expectations, commoditization of products, and proliferation of distribution channels, and the marketplace just got a notch more complex. This dynamism makes it imperative for them to develop strong technological acumen and skill sets. One way to do so is to engage with technology vendors to build on their IT road maps," states Li-May Chew, CFA, associate director for IDC Financial Insights Asia/Pacific Financial Advisory Service. "Key technology contenders Asian insurers should consider include enterprise vendors — CSC, Oracle, IBM, and SAP — and specialist players — 3i Infotech, eBaoTech Corp., Mastek, and EAB Systems. This document includes a comprehensive coverage on the strategic objectives of all these eight vendors, together with their value proposition and basis of competition; approach to product development, deployment, and support; market footprint and client profile; and suite of products offered alongside their unique features. It further covers our assessment of the strengths and weaknesses of these respective vendors."

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