Insurance technology spending in South Africa to 2013
Datamonitor
July 2, 2009 SKU: DFMN2505893
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Countries covered: South Africa
Introduction
This databook provides comprehensive and up-to-date information on technology spending within the insurance industry in South Africa.
Scope- Provides a breakdown of technology spending in South Africa 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 South Africa, accounting for 24%, with a spend of $196.3m in 2007. Claims processing followed, with a spend of $137.2m, accounting for 16.8% of the total insurance technology spend in 2007
Technology spending within the life insurance business line in South Africa was valued at $593.8m in 2007, growing at a CAGR of 10.9% between 2005 and 2007. Policy administration led the life insurance technology spending in South Africa, accounting for 26.2%, with a spend of $155.6m in 2007.Reasons to Purchase- Develop business strategies from spending pattern analysis within the insurance industry in South Africa
- Design effective marketing and sales strategies by identifying key and fast growth segments within the insurance industry
- Make informed business decisions through an understanding of the overall spending trends within the insurance industry in South Africa
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- OVERVIEW
- Catalyst
- Summary
- INTRODUCTION
- Reasons to purchase
- INSURANCE TECHNOLOGY SPENDING
- Spend by business functions
- Technology spend by location
- LIFE INSURANCE TECHNOLOGY SPENDING
- Spend by business function
- Spending by location
- NON-LIFE INSURANCE TECHNOLOGY SPENDING
- Spending by business function
- Spending by location
- APPENDIX
- Further reading
- How to contact experts in your industry
- Disclaimer
- LIST OF FIGURES
- Figure 1: Insurance industry, South Africa, technology spend by function ($m), 2007
- Figure 2: Insurance industry, South Africa, technology spend by function ($m), 2008-13
- Figure 3: Insurance industry, South Africa, technology spend by location ($m), 2007
- Figure 4: Insurance industry, South Africa, technology spend by location ($m), 2008-13
- Figure 5: Life insurance, South Africa, technology spend by function ($m), 2007
- Figure 6: Life insurance, South Africa, technology spending by function ($m), 2008-13
- Figure 7: Life insurance, South Africa, technology spending by location ($m), 2007
- Figure 8: Life insurance, South Africa, technology spending by location ($m), 2008-13
- Figure 9: Non-life insurance, South Africa, technology spending by function ($m), 2007
- Figure 10: Non-life insurance, South Africa, technology spending by function ($m), 2008-13
- Figure 11: Non-life insurance, South Africa, technology spending by location ($m), 2007
- Figure 12: Non-life insurance, South Africa, technology spending by location ($m), 2008-13
- LIST OF TABLES
- Table 1: Insurance business functions definitions
- Table 2: Insurance lines of business definitions
- Table 3: Insurance location definitions
- Table 4: Insurance industry, South Africa, technology spend by function ($m), 2005-07
- Table 5: Insurance industry, South Africa, technology spending by function ($m), 2008-13
- Table 6: Insurance industry, South Africa, technology spending by location ($m), 2005-07
- Table 7: Insurance industry, South Africa, technology spending by location ($m), 2008-13
- Table 8: Life insurance, South Africa, technology spending by function ($m), 2005-07
- Table 9: Life insurance, South Africa, technology spending by function ($m), 2008-13
- Table 10: Life insurance, South Africa, technology spending by location ($m), 2005-07
- Table 11: Life insurance, South Africa, technology spending by location ($m), 2008-13
- Table 12: Non-life insurance, South Africa, technology spending by function ($m), 2005-07
- Table 13: Non-life insurance, South Africa, technology spending by function ($m), 2008-13
- Table 14: Non-life insurance, South Africa, technology spending by location ($m), 2005-07
- Table 15: Non-life insurance, South Africa, technology spending by location ($m), 2008-13
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