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Global Insurance Technology Business Update: Mid-Year 2007 (Executive Presentation)
Datamonitor, Oct 2007, Pages: 12
Introduction
The insurance industry continues to outperform expectations although headwinds remain. Meanwhile, outsourcing is increasingly viewed as a driver of cost reduction and process efficiency in the competitive global insurance industry. This report examines recent trends in global outsourcing in the insurance industry, as measured by this latest primary research.
Scope
International trends in insurance business performance and technology spending trends. Recent trends in insurance outsourcing Technology scope covers Asia-Pacific, Europe and North America
Highlights
Outsourcing (BPO and offshore) slightly more important in Asia Pacific, where de novo operations or 'near-shoring' opportunities are more prevalent BPO activity increasing, as 52% of firms outsource at least one process, compared to 47% in 2006 and 41% in 2005 surveys. Closed book policy administration remains key target for outsourcing/TPA due to low risk
Reasons to Purchase
Business updates, delivered in a concise presentation format, enable our clients to access and share the content of our ongoing research programs quickly and efficiently. Business updates provide ongoing contextual support to Datamonitors research and cover many of the issues important to clients as they plan and prepare communication efforts or go-to-market strategy. As a client of an SPP we offer you a conference call to discuss the content of each quarterly briefing.
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