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Non-life Insurance IT Solutions Europe 2014-2015 Product Image

Non-life Insurance IT Solutions Europe 2014-2015

  • Published: October 2013
  • Region: Europe
  • 48 Pages
  • Waagstein Research AB

Non-life Insurance IT Solutions Europe 2014-2015 - Current status & purchase priorities maps out the current state and future of IT in the European non-life insurance industry. This is done by providing an overview of European insurers’ current non-life insurance systems, reporting on their satisfaction with these systems, presenting information on the companies’ plans for system upgrades and replacement and reporting on the their views on insurance trends.

The report also provides information on current and planned use of software as a service among the companies and presents information on current and expected IT spending.

- Providing an overview of European insurers’ current types of non-life insurance systems.
- Reporting on European insurers’ satisfaction with their current non-life insurance systems.
- Presenting information on the insurance companies’ plans for core insurance systems areas.
- Reporting on European insurers’ views on insurance IT trends.
- Showing information on most recent major non-life insurance system upgrades and planned major upgrades among European insurers as well as their main requirements READ MORE >

1. Summary

2. Introduction

3. Purpose

4. Method

5. Definitions

6. Current system types

7. In-house vs. packaged software

8. Current system providers

9. Satisfaction

10. Policy administration system

11. Claims management system

12. Billing & Collection system

13. Effect of system type on satisfaction

14. Main benefits of current system

15. Main drawbacks of current system

16. Plans and trends

17. Plans for core insurance system areas

18. Key trends

19. System upgrades

20. Most recent major upgrade

21. Timeframe for next major upgrade

22. Main requirements

23. Factor importance rating

24. System replacements

25. Most recent replacement

26. Timeframe for next replacement

27. Type of system replacement

28. Main requirements

29. Factor importance rating

30. Effect of type of system replacement on factor rating

31. Software as a Service

32. Current use of and plans to purchase SaaS

33. Main reasons for purchasing SaaS

34. Main objections to SaaS

35. IT spending

36. IT spending change

37. IT spend as a share of premiums written

38. Allocation of IT spend

List Of Figures:

- Current non-life insurance system: In-house developed vs. packaged software

- Current non-life insurance system: Integrated software modules vs. best-of-breed software

- Share of companies satisfied with policy administration system

- Average satisfaction with policy administration system

- Share of companies satisfied with claims management system

- Average satisfaction with claims management system

- Share of companies satisfied with Billing & Collection system

- Average satisfaction with Billing & Collection system

- Effect of system type (in-house vs. packaged software) on share satisfied with insurance system areas: Europe – All

- Effect of system type (integrated vs. best-of-breed software) on share satisfied with insurance system areas: Europe – All

- Most important advantages of current non-life insurance system

- Most important disadvantages of current non-life insurance system

- Plans for core insurance system areas: Europe – All

- Plans for core insurance system areas: Western Europe

- Plans for core insurance system areas: Eastern Europe

- Most important IT trends in non-life insurance industry: Europe

- Most recent major upgrade of non-life insurance system

- Average number of years ago since most recent upgrade of non-life insurance system

- Timeframe for next major upgrade of non-life insurance system

- Average number of years until next major upgrade of non-life insurance system

- Importance attached to factors when making major core insurance system upgrade: Europe - All

- Importance attached to factors when making major core insurance system upgrade

- Most recent replacement of non-life insurance system

- Average number of years ago since last replacement of non-life insurance system

- Timeframe for next replacement of non-life insurance system

- Average number of years until next replacement of non-life insurance system

- Type of system to replace current non-life insurance system

- Importance attached to factors when purchasing a new core insurance system: Europe - All

- Importance attached to factors when purchasing a new core insurance system

- Effect of type of system planned to purchase on importance attached to factors when purchasing a new core insurance system: Europe - All

- Current use of and plans to purchase SaaS

- Main reasons for not purchasing SaaS

- Expected changes in total IT spend 2013-2014

- IT spend as a share of premiums written 2014/2013

- IT spend as a share of premiums written 2013: Europe - All (percentiles)

- Allocation of IT spend on running, growing and transforming the business and regulatory issues 2014/2013: Europe - All

- Allocation of IT spend on running, growing and transforming the business and regulatory issues 2013

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