Worldwide Insurance IT Spending Guide

The Worldwide Insurance IT Spending Guide is an analysis of the current status and projected growth of IT spending in the insurance industry, updated twice a year. This five-year outlook on IT spending by individual lines life, health and annuity insurers, personal lines property/casualty insurers, commercial lines property/casualty insurers, and reinsurance provides IT vendors with key information needed to develop effective market strategies and measure growth areas.

IDC Financial Insights offers this benchmark for consistent, detailed data on these major segments of the insurance industry to provide a profile of the IT growth opportunity across solution categories, insurance segments, and technology components. This pivot table tool presents spending forecasts according to current assumptions relating to economic trends, end-user surveys, and IDC Financial Insights' comprehensive segmented research expertise. In addition, the Guide provides targeted data for sales organizations with specific spending predictions and analysis correlated by insurance segment size and type.

Approach

The Guide provides a comprehensive spending view of the insurer functions and supporting technologies. The Guide starts at a high level with categories of hardware, software, IT services, and internal IT spend. The second level then reveals major insurer segments such as life, health and annuity, personal property/casualty, commercial property/casualty, and reinsurance. The third level of detail then allows for specific spending numbers and delineates accordingly by insurer type and tier level.

Topics Addressed

The Worldwide Insurance IT Spending Guide is segmented as follows:

• Technology components — hardware, software, IT services, and internal services
• Regions — North America, Europe, Asia/Pacific, and Rest of World
• Solution categories — marketing, product development, business acquisition, enterprise risk management, channel management, policy administration, claims management, customer service, and more
• Insurer types — life, health and annuity, personal lines property/casualty, commercial lines property/casualty, and reinsurance
• Insurer size — tier 1 through tier 3

Key Questions Answered

Our research addresses the following issues that are critical to your success:

• Which segments of the insurance industry are buying technology and how can you target those high growth areas?
• What technology needs in the insurance industry are driving key growth opportunities for IT vendors?
• How does the outlook for IT spending differ among types of insurers and solution spend areas?
• What are appropriate growth expectations for my firm based on current and expected market conditions?
• How do insurer size and charter impact IT investment strategies?

Who Should Subscribe

By presenting a regional and segmented perspective on IT spending, the Worldwide Insurance IT Spending Guide helps IT suppliers that are targeting the insurance sector to identify market opportunities and to execute an effective strategy. In addition, the detailed market segment data will assist insurers to plan their budget allocations more effectively.

Return on Research Investment

• Assists IT suppliers that are targeting the insurance sector to identify market opportunities and to execute an effective strategy
• Guidance for more responsive, customer-centric marketing campaigns
• Documentation on the functions and solution relationship to provide a greater understanding of the application of technology to the business of insurance

Standard Subscription Deliverables

IDC Financial Insights values building client relationships and strives to foster a partnership with each client through continuous analyst interaction; timely delivery of current, concise, and relevant research; as well as custom research when needed. Each advisory service delivers strategic research covering business and technology issues. A summary of the basic service deliverables available to subscribers includes the following:

• Analyst inquiry time specific to the advisory service area
• 24 x 7 research access via www.idc-fi.com
• Discounted admission to specific IDC Financial Insights or IDC conferences
• Complimentary forum invitations (Web conferences, industry briefings)

Join Our Community

Our IDC Insights Community is designed to enable technology buyers to engage with our industry analysts, share knowledge and best practices, and connect with colleagues. To participate in our community, members create a profile to:

• Participate in our discussions in our blogs, forums, and polls
• Learn about and share best practices, tips, tricks, and tools related to business/technology alignment
• Network with colleagues and join groups within each industry
• Provide feedback to IDC's industry analysts and hear what we're up to

Visit us at: http://idc-insights-community.com and join our conversations.

Related Offerings

Related offerings to our industry-specific research practices include IT Spending Guides — segmented regional and country-level analysis by solution area; Go-to-Market Services (GMS) — a modular set of deliverables to assist clients in extending their market reach, validating their market strategy, and producing more responsive customer-centric marketing campaigns; and IDC Advisory Tools — a growing set of solutions designed to ensure clients that technology purchasing and deployment decisions are optimized. In addition, IDC Financial Insights experts are available for individualized consulting engagements to address specific challenges or to customize the results of our syndicated research offerings.