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Insurance technology spending in the US to 2013

Datamonitor
September 1, 2009
32 Pages - SKU: DFMN2429444

Abstract Table of Contents Search inside this report Related Reports

Countries covered: United States

Introduction

This databook provides comprehensive and up-to-date information on technology spending within the insurance industry in United States.

Scope

Provides a breakdown of technology spending in the US insurance industry by function
Assesses the revenue opportunities within the front office, middle office and back office
The report also provides a breakdown of two business lines, 13 business functions and three business locations within the insurance industry

Highlights

Policy administration led the insurance technology spending in the US, accounting for 20%, with a spend of $4,890.9m in 2007. Claims processing followed, with a spend of $4,508.4m, accounting for 18.4% of the total insurance technology spend in 2007.

Technology spending within the life insurance business line in the US was valued at $10,057m in 2007, growing at a CAGR of 7% between 2005 and 2007. Policy administration led the life insurance technology spending in the US, accounting for 25.4%, with a spend of $2,556.1m in 2007.

Reasons to Purchase

Develop business strategies from spending pattern analysis within the insurance industry in the US
Design effective marketing and sales strategies by identifying key and fast growth segments within the insurance industry
Make informed business decisions through an understanding of the overall spending trends within the insurance industry in the US

OVERVIEW: Catalyst; Summary
INTRODUCTION: Reasons to purchase; INSURANCE TECHNOLOGY SPENDING; Spend by business functions; Technology spend by location; LIFE INSURANCE TECHNOLOGY SPENDING; Spend by business function; Spending by location; NON-LIFE INSURANCE TECHNOLOGY SPENDING; Spending by business function; Spending by location
APPENDIX: Further reading; How to contact experts in your industry; Disclaimer
LIST OF FIGURES: Figure 1: Insurance industry, the US, technology spend by function (%), 2007; Figure 2: Insurance industry, the US, technology spend by function ($m), 2008-13; Figure 3: Insurance industry, the US, technology spend by location (%), 2007; Figure 4: Insurance industry, the US, technology spend by location ($m), 2008-13; Figure 5: Life insurance, the US, technology spend by function (%), 2007; Figure 6: Life insurance, the US, technology spending by function ($m), 2008-13; Figure 7: Life insurance, the US, technology spending by location (%), 2007; Figure 8: Life insurance, the US, technology spending by location ($m), 2008-13; Figure 9: Non-life insurance, the US, technology spending by function (%), 2007; Figure 10: Non-life insurance, the US, technology spending by function ($m), 2008-13; Figure 11: Non-life insurance, the US, technology spending by location (%), 2007; Figure 12: Non-life insurance, the US, technology spending by location ($m), 2008-13
LIST OF TABLES: Table 1: Insurance business functions definitions; Table 2: Insurance lines of business definitions; Table 3: Insurance location definitions; Table 4: Insurance industry, the US, technology spend by function ($m), 2005-07; Table 5: Insurance industry, the US, technology spending by function ($m), 2008-13; Table 6: Insurance industry, the US, technology spending by location ($m), 2005-07; Table 7: Insurance industry, the US, technology spending by location ($m), 2008-13; Table 8: Life insurance, the US, technology spending by function ($m), 2005-07; Table 9: Life insurance, the US, technology spending by function ($m), 2008-13; Table 10: Life insurance, the US, technology spending by location ($m), 2005-07; Table 11: Life insurance, the US, technology spending by location ($m), 2008-13; Table 12: Non-life insurance, the US, technology spending by function ($m), 2005-07; Table 13: Non-life insurance, the US, technology spending by function ($m), 2008-13; Table 14: Non-life insurance, the US, technology spending by location ($m), 2005-07; Table 15: Non-life insurance, the US, technology spending by location ($m), 2008-13

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