Policy administration systems are set to be the most important area of investment for European and North American life insurers in 2004 as providers seek to counter margin pressure and a challenging premium growth outlook. But with the business case for replacement difficult to make, insurers are focusing on architecture standardization and incremental development.
Scope
In-depth coverage of the US and the main Western European markets
Includes primary interviews with key decision-makers in the major life and composite insurers in Europe and North America
Highlights
We have latest European and North American Insurance Technology Surveys showed that policy administration was set to be the most important area of technology investment for life insurers in 2004. Insurers are realizing that it is essential to improve the flexibility of their back office processing systems, via re-engineering or replacement.
Policy administration spending growth in the mature Western European and US markets is set to remain in the low single digits, with few insurers willing to countenance major replacement projects. However, the Asia-Pacific markets will witness strong growth.
Reasons to Purchase
Understand how policy administration systems investments will play out in the major European and US insurers
Size your addressable market to 2006
Benchmark your competitive position against your competitors and understand the factors that will determine future success
