Beyond the Traditional Short List: Up and Coming Property and Casualty Insurance Technology Firms Class of 2008

IDC
August 4, 2008
43 Pages - SKU: IDC1870078
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This Financial Insights report is the first in a series of annual reports that profile a group of selected up and coming (U&C) technology firms that support the insurance industry. In future years, Financial Insights will review the progress of past U&C firms in addition to the annual report about that year's class. The main objectives of these annual reports are to assist insurers to think beyond their traditional short list, alert technology firms about firms they might acquire or partner, and identify for venture capital firms emerging technology firms for potential tracking, investment, or acquisition.

This report is based on interviews of executives at U&C firms conducted in January through April 2008 and Financial Insights's analysis of the information collected.

"It's easy to think the insurance technology space is collapsing to a handful of very large technology firms. Easy, but wrong. The InsTech space has had wave after wave of new technology firms emerge that are striving to provide value to insurance companies in ways that are better or different that the existing competition, states Barry Rabkin, senior research analyst of insurance, Financial Insights.