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Insurance technology spending in the UK and Ireland to 2013

Datamonitor
July 2, 2009
SKU: DFMN2505881

Abstract Table of Contents Search inside this report Related Reports

Countries covered: Ireland, United Kingdom

Introduction

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

Scope

Provides a breakdown of technology spending in UK and Ireland 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 UK and Ireland, accounting for 21.6%, with a spend of $1,251.4m in 2007. Claims processing followed, with a spend of $917.3m, accounting for 15.8% of the total insurance technology spend in 2007.

Technology spending within the life insurance business line in the UK and Ireland was valued at $3,204.6m in 2007, growing at a CAGR of 5.9% between 2005 and 2007. Policy administration led the life insurance technology spending in the UK and Ireland, accounting for 24.3%, with a spend of $778.1m in 2007.Reasons to Purchase

Develop business strategies from spending pattern analysis within the insurance industry in UK and Ireland
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 UK and Ireland

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, UK and Ireland, technology spend by function ($m), 2007; Figure 2: Insurance industry, UK and Ireland, technology spend by function ($m), 2008-13; Figure 3: Insurance industry, UK and Ireland, technology spend by location ($m), 2007; Figure 4: Insurance industry, UK and Ireland, technology spend by location ($m), 2008-13; Figure 5: Life insurance, UK and Ireland, technology spend by function ($m), 2007; Figure 6: Life insurance, UK and Ireland, technology spending by function ($m), 2008-13; Figure 7: Life insurance, UK and Ireland, technology spending by location ($m), 2007; Figure 8: Life insurance, UK and Ireland, technology spending by location ($m), 2008-13; Figure 9: Non-life insurance, UK and Ireland, technology spending by function ($m), 2007; Figure 10: Non-life insurance, UK and Ireland, technology spending by function ($m), 2008-13; Figure 11: Non-life insurance, UK and Ireland, technology spending by location ($m), 2007; Figure 12: Non-life insurance, UK and Ireland, technology spending by location ($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, UK and Ireland, technology spend by function ($m), 2005-07; Table 5: Insurance industry, UK and Ireland, technology spending by function ($m), 2008-13; Table 6: Insurance industry, UK and Ireland, technology spending by location ($m), 2005-07; Table 7: Insurance industry, UK and Ireland, technology spending by location ($m), 2008-13; Table 8: Life insurance, UK and Ireland, technology spending by function ($m), 2005-07; Table 9: Life insurance, UK and Ireland, technology spending by function ($m), 2008-13; Table 10: Life insurance, UK and Ireland, technology spending by location ($m), 2005-07; Table 11: Life insurance, UK and Ireland, technology spending by location ($m), 2008-13; Table 12: Non-life insurance, UK and Ireland, technology spending by function ($m), 2005-07; Table 13: Non-life insurance, UK and Ireland, technology spending by function ($m), 2008-13; Table 14: Non-life insurance, UK and Ireland, technology spending by location ($m), 2005-07; Table 15: Non-life insurance, UK and Ireland, technology spending by location ($m), 2008-13

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Insurance technology spending in the UK and Ireland to 2013

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