Top 10 Companies in Canada Insurance Industry: IT Spending Predictor 2009
Datamonitor
August 25, 2009 89 Pages - SKU: DFMN2429564
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Countries covered: Canada
Introduction
This databook provides insight into the top 10 companies in Canada insurance industry in terms of their estimated IT spend.
Scope- Datamonitor’s view of the top 10 companies in this sector and geography in terms of IT spending
- A breakdown of the estimated IT budget by technology for each of the top 10 companies
- A breakdown of the estimated IT budget by channel for each of the top 10 companies
Highlights
The top 10 companies in Canada insurance industry in terms of estimated IT spending spent the largest portion of their IT budgets on hardware, a segment that accounted for about 32% of the IT budgets among these firms. This was followed by spending on software and services.
Among the top 10 companies, a major portion of IT spending is allocated to internal IT. External services include product vendors, local resellers, telcos, systems integrators and specialist outsourcers. Internal IT alone accounted for approximately 35% of the total estimated IT spending by these companies.
Reasons to Purchase- Understand the IT budget breakdown in various organization types and identify notable areas of allocation
- Build lists of organizations with top IT expenditure in your target markets
- Leverage IT spending pattern information to tailor account targeting based on company demographics
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- OVERVIEW
- Catalyst
- Summary
- INTRODUCTION
- Reasons to Purchase
- Definitions
- CANADA INSURANCE INDUSTRY: ESTIMATED SPENDING ON IT
- Overview
- Estimated spending by technology segment
- Estimated IT spending by channel
- MANULIFE FINANCIAL CORP
- Budget overview
- Manulife Financial Corp, estimated spending on IT
- Manulife Financial Corp, estimated IT spending by channel
- THE GREAT-WEST LIFE ASSURANCE CO
- Budget overview
- The Great-West Life Assurance Co, estimated spending on IT
- The Great-West Life Assurance Co, estimated IT spending by channel
- SUN LIFE FINANCIAL INC
- Budget overview
- Sun Life Financial Inc, estimated spending on IT
- Sun Life Financial Inc, estimated IT spending by channel
- WORKPLACE SAFETY & INSURANCE BOARD
- Budget overview
- Workplace Safety & Insurance Board, estimated spending on IT
- Workplace Safety & Insurance Board, estimated IT spending by channel
- INDUSTRIAL ALLIANCE INSURANCE AND FINANCIAL SERVICES INC
- Budget overview
- Industrial Alliance Insurance and Financial Services Inc, estimated spending on IT
- Industrial Alliance Insurance and Financial Services Inc, estimated IT spending by channel
- ING CANADA INC
- Budget overview
- ING Canada Inc, estimated spending on IT
- ING Canada Inc, estimated IT spending by channel
- WORKERS’ COMPENSATION BOARD OF BRITISH COLUMBIA
- Budget overview
- Workers’ Compensation Board of British Columbia, estimated spending on IT
- Workers’ Compensation Board of British Columbia, estimated IT spending by channel
- DESJARDINS FINANCIAL SECURITY LIFE ASSURANCE CO
- Budget overview
- Desjardins Financial Security Life Assurance Co, estimated spending on IT
- Desjardins Financial Security Life Assurance Co, estimated IT spending by channel
- ABC BENEFITS CORP
- Budget overview
- ABC Benefits Corp, estimated spending on IT
- ABC Benefits Corp, estimated IT spending by channel
- WORKER’S COMPENSATION BOARD ALBERTA
- Budget overview
- Worker’s Compensation Board Alberta, estimated spending on IT
- Worker’s Compensation Board Alberta, estimated IT spending by channel
- APPENDIX
- Methodology
- Further reading
- How to contact experts in your industry
- Disclaimer
- LIST OF FIGURES
- Figure 1: Insurance industry, Canada, spending on IT ($m), 2008 and 2009
- Figure 2: Insurance industry, Canada, estimated spending by IT segment ($m), 2008
- Figure 3: Insurance industry, Canada, estimated spending on IT by channel ($m), 2008
- Figure 4: Manulife Financial Corp, estimated spending by IT segment, 2008
- Figure 5: Manulife Financial Corp, estimated spending by IT sub-segment ($m), 2008
- Figure 6: Manulife Financial Corp, estimated spending on IT by channel, 2008
- Figure 7: The Great-West Life Assurance Co, estimated spending by IT segment, 2008
- Figure 8: The Great-West Life Assurance Co, estimated spending by IT sub-segment ($m), 2008
- Figure 9: The Great-West Life Assurance Co, estimated spending on IT by channel, 2008
- Figure 10: Sun Life Financial Inc, estimated spending by IT segment, 2008
- Figure 11: Sun Life Financial Inc, estimated spending by IT sub-segment ($m), 2008
- Figure 12: Sun Life Financial Inc, estimated spending on IT by channel, 2008
- Figure 13: Workplace Safety & Insurance Board, estimated spending by IT segment, 2008
- Figure 14: Workplace Safety & Insurance Board, estimated spending by IT sub-segment ($m), 2008
- Figure 15: Workplace Safety & Insurance Board, estimated spending on IT by channel, 2008
- Figure 16: Industrial Alliance Insurance and Financial Services Inc, estimated spending by IT segment, 2008
- Figure 17: Industrial Alliance Insurance and Financial Services Inc, estimated spending by IT sub-segment ($m), 2008
- Figure 18: Industrial Alliance Insurance and Financial Services Inc, estimated spending on IT by channel, 2008
- Figure 19: ING Canada Inc, estimated spending by IT segment, 2008
- Figure 20: ING Canada Inc, estimated spending by IT sub-segment ($m), 2008
- Figure 21: ING Canada Inc, estimated spending on IT by channel, 2008
- Figure 22: Workers’ Compensation Board of British Columbia, estimated spending by IT segment, 2008
- Figure 23: Workers’ Compensation Board of British Columbia, estimated spending by IT sub-segment ($m), 2008
- Figure 24: Workers’ Compensation Board of British Columbia, estimated spending on IT by channel, 2008
- Figure 25: Desjardins Financial Security Life Assurance Co, estimated spending by IT segment, 2008
- Figure 26: Desjardins Financial Security Life Assurance Co, estimated spending by IT sub-segment ($m), 2008
- Figure 27: Desjardins Financial Security Life Assurance Co, estimated spending on IT by channel, 2008
- Figure 28: ABC Benefits Corp, estimated spending by IT segment, 2008
- Figure 29: ABC Benefits Corp, estimated spending by IT sub-segment ($m), 2008
- Figure 30: ABC Benefits Corp, estimated spending on IT by channel, 2008
- Figure 31: Worker’s Compensation Board Alberta, estimated spending by IT segment, 2008
- Figure 32: Worker’s Compensation Board Alberta, estimated spending by IT sub-segment ($m), 2008
- Figure 33: Worker’s Compensation Board Alberta, estimated spending on IT by channel, 2008
- Figure 34: Research methodology
- LIST OF TABLES
- Table 1: IT segments and sub segments
- Table 2: Channel definitions
- Table 3: Insurance industry, Canada, estimated spending on IT ($m), 2008 and 2009
- Table 4: Insurance industry, Canada, estimated spending by technology segment ($m), 2008
- Table 5: Insurance industry, Canada, estimated spending on IT by channel ($m), 2008
- Table 6: Manulife Financial Corp, IT budget estimates (%), 2008-09
- Table 7: Manulife Financial Corp, IT budget by estimated entity (as % of overall IT budget), 2008
- Table 8: Manulife Financial Corp, estimated spending by IT segment, 2008
- Table 9: Manulife Financial Corp, estimated spending by IT sub-segment, 2008
- Table 10: Manulife Financial Corp, estimated spending on IT by channel, 2008
- Table 11: The Great-West Life Assurance Co, IT budget estimates (%), 2008-09
- Table 12: The Great-West Life Assurance Co, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 13: The Great-West Life Assurance Co, estimated spending by IT segment, 2008
- Table 14: The Great-West Life Assurance Co, estimated spending by IT sub-segment, 2008
- Table 15: The Great-West Life Assurance Co, estimated spending on IT by channel, 2008
- Table 16: Sun Life Financial Inc, IT budget estimates (%), 2008-09
- Table 17: Sun Life Financial Inc, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 18: Sun Life Financial Inc, estimated spending by IT segment, 2008
- Table 19: Sun Life Financial Inc, estimated spending by IT sub-segment, 2008
- Table 20: Sun Life Financial Inc, estimated spending on IT by channel, 2008
- Table 21: Workplace Safety & Insurance Board, IT budget estimates (%), 2008-09
- Table 22: Workplace Safety & Insurance Board, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 23: Workplace Safety & Insurance Board, estimated spending by IT segment, 2008
- Table 24: Workplace Safety & Insurance Board, estimated spending by IT sub-segment, 2008
- Table 25: Workplace Safety & Insurance Board, estimated spending on IT by channel, 2008
- Table 26: Industrial Alliance Insurance and Financial Services Inc, IT budget estimates (%), 2008-09
- Table 27: Industrial Alliance Insurance and Financial Services Inc, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 28: Industrial Alliance Insurance and Financial Services Inc, estimated spending by IT segment, 2008
- Table 29: Industrial Alliance Insurance and Financial Services Inc, estimated spending by IT sub-segment, 2008
- Table 30: Industrial Alliance Insurance and Financial Services Inc, estimated spending on IT by channel, 2008
- Table 31: ING Canada Inc, IT budget estimates (%), 2008-09
- Table 32: ING Canada Inc, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 33: ING Canada Inc, estimated spending by IT segment, 2008
- Table 34: ING Canada Inc, estimated spending by IT sub-segment, 2008
- Table 35: ING Canada Inc, estimated spending on IT by channel, 2008
- Table 36: Workers’ Compensation Board of British Columbia, IT budget estimates(%), 2008-09
- Table 37: Workers’ Compensation Board of British Columbia, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 38: Workers’ Compensation Board of British Columbia, estimated spending by IT segment, 2008
- Table 39: Workers’ Compensation Board of British Columbia, estimated spending by IT sub-segment, 2008
- Table 40: Workers’ Compensation Board of British Columbia, estimated spending on IT by channel, 2008
- Table 41: Desjardins Financial Security Life Assurance Co, IT budget estimates (%), 2008-09
- Table 42: Desjardins Financial Security Life Assurance Co, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 43: Desjardins Financial Security Life Assurance Co, estimated spending by IT segment, 2008
- Table 44: Desjardins Financial Security Life Assurance Co, estimated spending by IT sub-segment, 2008
- Table 45: Desjardins Financial Security Life Assurance Co, estimated spending on IT by channel, 2008
- Table 46: ABC Benefits Corp, IT budget estimates (%), 2008-09
- Table 47: ABC Benefits Corp, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 48: ABC Benefits Corp, estimated spending by IT segment, 2008
- Table 49: ABC Benefits Corp, estimated spending by IT sub-segment, 2008
- Table 50: ABC Benefits Corp, estimated spending on IT by channel, 2008
- Table 51: Worker’s Compensation Board Alberta, IT budget estimates (%), 2008-09
- Table 52: Worker’s Compensation Board Alberta, estimated IT budget by entity (as % of overall IT budget), 2008
- Table 53: Worker’s Compensation Board Alberta, estimated spending by IT segment, 2008
- Table 54: Worker’s Compensation Board Alberta, estimated spending by IT sub-segment, 2008
- Table 55: Worker’s Compensation Board Alberta, estimated spending on IT by channel, 2008
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