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Insurance technology spending in the UK and Ireland to 2013

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IntroductionThis databook provides comprehensive and up-to-date information on technology spending within the insurance industry in UK and Ireland.Scope*Provides a breakdown of technology spending in UK and Ireland insurance industry by function*Assesses the revenue opportunities within the front office, middle office and back office*The report also provides a breakdown of two business lines, 13 business functions and three business locations within the insurance industryHighlightsPolicy administration led the insurance technology spending in the UK and Ireland, accounting for 21.6%, with a spend of $1,251.4m in 2007. Claims processing followed, with a spend of $917.3m, accounting for 15.8% of the total insurance technology spend in 2007.Technology spending within the life insurance business line in the UK and Ireland was valued at $3,204.6m in 2007, growing at a CAGR of 5.9% between 2005 and 2007. Policy administration led the life insurance technology spending in the UK and Ireland, accounting for 24.3%, with a spend of $778.1m in 2007.Reasons to Purchase*Develop business strategies from spending pattern analysis within the insurance industry in UK and Ireland*Design effective marketing and sales strategies by identifying key and fast growth segments within the insurance industry*Make informed business decisions through an understanding of the overall spending trends within the insurance industry in UK and Ireland

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Insurance technology spending in the UK and Ireland to 2013

  1. 1. Find Industry reports, Company profilesReportLinker and Market Statistics >> Get this Report Now by email!Insurance technology spending in the UK and Ireland to 2013Published on July 2009 Report SummaryIntroductionThis databook provides comprehensive and up-to-date information on technology spending within the insurance industry in UK andIreland.Scope*Provides a breakdown of technology spending in UK and Ireland insurance industry by function*Assesses the revenue opportunities within the front office, middle office and back office*The report also provides a breakdown of two business lines, 13 business functions and three business locations within the insuranceindustryHighlightsPolicy administration led the insurance technology spending in the UK and Ireland, accounting for 21.6%, with a spend of $1,251.4min 2007. Claims processing followed, with a spend of $917.3m, accounting for 15.8% of the total insurance technology spend in 2007.Technology spending within the life insurance business line in the UK and Ireland was valued at $3,204.6m in 2007, growing at aCAGR of 5.9% between 2005 and 2007. Policy administration led the life insurance technology spending in the UK and Ireland,accounting for 24.3%, with a spend of $778.1m in 2007.Reasons to Purchase*Develop business strategies from spending pattern analysis within the insurance industry in UK and Ireland*Design effective marketing and sales strategies by identifying key and fast growth segments within the insurance industry*Make informed business decisions through an understanding of the overall spending trends within the insurance industry in UK andIreland Table of ContentTABLE OF CONTENTSOVERVIEW 1Catalyst 1Insurance technology spending in the UK and Ireland to 2013 Page 1/4
  2. 2. Find Industry reports, Company profilesReportLinker and Market StatisticsSummary 1INTRODUCTION 5Reasons to purchase 5INSURANCE TECHNOLOGY SPENDING 8Spend by business functions 8Technology spend by location 12LIFE INSURANCE TECHNOLOGY SPENDING 16Spend by business function 16Spending by location 20NON-LIFE INSURANCE TECHNOLOGY SPENDING 24Spending by business function 24Spending by location 28APPENDIX 32Further reading 32How to contact experts in your industry 32Disclaimer 32LIST OF FIGURESFigure 1: Insurance industry, UK and Ireland, technology spend by function ($m), 2007 8Figure 2: Insurance industry, UK and Ireland, technology spend by function ($m), 200813 10Figure 3: Insurance industry, UK and Ireland, technology spend by location ($m), 2007 12Figure 4: Insurance industry, UK and Ireland, technology spend by location ($m), 200813 14Figure 5: Life insurance, UK and Ireland, technology spend by function ($m), 2007 16Figure 6: Life insurance, UK and Ireland, technology spending by function ($m), 200813 18Figure 7: Life insurance, UK and Ireland, technology spending by location ($m), 2007 20Figure 8: Life insurance, UK and Ireland, technology spending by location ($m), 200813 22Figure 9: Non-life insurance, UK and Ireland, technology spending by function ($m), 2007 24Figure 10: Non-life insurance, UK and Ireland, technology spending by function ($m), 200813 26Figure 11: Non-life insurance, UK and Ireland, technology spending by location ($m), 2007 28Figure 12: Non-life insurance, UK and Ireland, technology spending by location ($m), 200813 30LIST OF TABLESTable 1: Insurance business functions definitions 6Table 2: Insurance lines of business definitions 7Table 3: Insurance location definitions 7Table 4: Insurance industry, UK and Ireland, technology spend by function ($m), 200507 9Table 5: Insurance industry, UK and Ireland, technology spending by function ($m), 200813 11Table 6: Insurance industry, UK and Ireland, technology spending by location ($m), 200507 13Table 7: Insurance industry, UK and Ireland, technology spending by location ($m), 200813 15Table 8: Life insurance, UK and Ireland, technology spending by function ($m), 200507 17Table 9: Life insurance, UK and Ireland, technology spending by function ($m), 200813 19Table 10: Life insurance, UK and Ireland, technology spending by location ($m), 200507 21Table 11: Life insurance, UK and Ireland, technology spending by location ($m), 200813 23Table 12: Non-life insurance, UK and Ireland, technology spending by function ($m), 200507 25Table 13: Non-life insurance, UK and Ireland, technology spending by function ($m), 200813 27Table 14: Non-life insurance, UK and Ireland, technology spending by location ($m), 200507 29Table 15: Non-life insurance, UK and Ireland, technology spending by location ($m), 200813 31Insurance technology spending in the UK and Ireland to 2013 Page 2/4
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  4. 4. Find Industry reports, Company profilesReportLinker and Market Statistics Payment Information Please indicate the payment method, you would like to use by selecting the appropriate box. Payment by credit card Card Number: ______________________________________________ Expiry Date __________ / _________ CVV Number _____________________ Card Type (ex: Visa, Amex…) _________________________________ Payment by wire transfer Crédit Mutuel RIB : 10278 07314 00020257701 89 BIC : CMCIFR2A IBAN : FR76 1027 8073 1400 0202 5770 189 Payment by check UBIQUICK SAS 16 rue Grenette – 69002 LYON, FRANCE Customer signature:   Please note that by ordering from Reportlinker you are agreeing to our Terms and Conditions at http://www.reportlinker.com/index/terms Please fax this form to: Europe, Middle East and Africa : + 33 4 37 37 15 56 Asia, Oceania and America : + 1 (805) 617 17 93Insurance technology spending in the UK and Ireland to 2013 Page 4/4

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