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Insurance Technology - Transforming the Policy Administration Platform (Review Report)
Datamonitor, June 2006, Pages: 46
This report combines all three briefs from the policy administration theme for Q1 2006. Areas covered include market conditions and developments across the life sector, strategies for policy administration modernization and developments in vendors policy administration offerings.
Scope of this title:
- Covers North America and Western Europe.
- Forecasts policy administration spend by country until 2009, with spend broken down by source for all countries covered
Highlights of this title:
- While policy administration system investment has increased in the last two years, the housekeeping strategies adopted by the vast majority of insurers, aimed at reducing cost and overlap while making marginal gains in operating efficiency, have done little to provide back office functionality to meet future business needs.
- In recent years end to end reengineering or full scale replacement was not feasible for most insurers due to tight IT budgets. However with budgets showing signs of more robust growth, the failure of rationalization programs to deliver and more mature IT/ business alignment, insurers are finding themselves with more options in terms of investment.
- The market for policy administration spending will grow by 4.0% CAGR in North America and 2.9% in Western Europe as insurers continue to focus on back office modernization in preparation for 21st century business imperatives.
Reasons to order your copy:
- Gain visibility on the latest developments in the European and North American L&P market
- Use our timely and concise analysis of key business and technology issues to develop a compelling go-to-market strategy
Customers who bought this item also bought
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Trends and Strategies in Policy Administration BPO (Strategic Focus)
Policy administration systems in global life insurance
Policy Administration BPO in UK L&P
Policy Administration Systems in US Life Insurance
UK and US Policy Admin BPO in Life Insurance
Global Carbon Policy Analysis Policy Initiatives Driving the Growth of the Carbon Sequestration Market
Vaccine Administration Technologies - Beyond Needles
Non-Life Insurance Technology Spending, Western Europe (Databook)
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