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2008 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Insurance

Published by: TowerGroup

Published: Dec. 17, 2007 - 15 Pages


Table of Contents


Report Coverage

Analysis of Key Issues

Exhibit 1 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Insurance (2008)

The Top 10

Exhibit 2 Sample Mapping of Top 10 Business Drivers for Insurance (2008)

Business Driver 1: Profitable Growth

Business Driver 2: Competitive Advantage

Business Driver 3: Financial Stability

Business Driver 4: Changing Consumer Demands

Business Driver 5: Globalization

Business Driver 6: Regulatory Environment

Business Driver 7: Business Optimization

Business Driver 8: Capital Allocation

Business Driver 9: Industry Consolidation

Business Driver 10: Environmental Responsibility

Recent Trends and Predictions for the Future

Summary

Abstract

This TowerGroup Top 10 report for insurance is based on conversations with hundreds of industry executives around the globe and many hours of internal discussions. It lays the foundation for business and IT priorities for the insurance industry in 2008. The 10 drivers, responses, and initiatives discussed here are the ones TowerGroup believes will shape the industry over the coming year.

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