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U.S. Insurance 2008 Go-to-Market Strategy Guide

Published by: IDC

Published: Mar. 6, 2008 - 24 Pages


Table of Contents


Table of Contents

Financial Insights Opinion

In This Report

Situation Overview

Industry Health and Outlook for 2008

Industry Shape and Size

Figure: U.S. IT Spending Opportunity by Industry

Industry Indicators and Key Business Metrics

Future Outlook

Business Initiatives That Will Drive IT Investments in 2008

Table: Top 10 Strategic Initiatives for the Global Insurance Industry for 2008

Figure: U.S. Insurance Industry Top Critical Business Initiatives, 2007

2008 Predictions

2008 IT Investment Priorities for the Insurance Industry

Table: North America Insurance Industry IT Spending by Subindustry, 2007 and 2008 ($M)

Figure: North America Insurance Industry IT Budget Share by Segment, 2008

2008 Software Investment Priorities for the Insurance Industry

Table: North America Insurance Industry Software Spending by Subindustry, 2007 and 2008 ($M)

Figure: U.S. Insurance Industry Top Application Investment Plans, 2008

Figure: U.S. Insurance Industry Top Insurance Application Investment Plans, 2008

Figure: U.S. Insurance Industry Emerging Software Technology Investment Plans, 2008

2008 Infrastructure Investment Priorities for the Insurance Industry

Table: North America Insurance Industry Hardware Spending by Subindustry, 2007 and 2008 ($M)

Table: U.S. Insurance Industry Storage Systems Spending by Environment, 2007 and 2008 ($M)

Figure: U.S. Insurance Industry Storage Capacity by Subindustry, 2007

Table: U.S. Insurance Industry Server Spending by Platform, 2007 and 2008 ($M)

2008 Communications Investment Priorities for the Insurance Industry

Figure: U.S. Insurance Industry Communications Technology Investment Plans, 2008

2008 Services Investment Priorities for the Insurance Industry

Table: North America Insurance Industry Services Spending by Subindustry, 2007 and 2008 ($M)

Figure: U.S. Insurance Industry Business Process Outsourcing Investment Plans, 2008

Figure: U.S. Insurance Industry Sourcing Preferences for Business Process Outsourcing

Essential Guidance

Going to Market in the Insurance Industry

Table: U.S. Insurance Industry IT Spending for the Top 5 Vendors, 2008

Figure: U.S. Insurance Industry IT Spending Growth for the Top 5 Vendors, 2008

Competing Effectively in the Insurance Industry

Table: Worldwide Revenue for the Top 5 IT Vendors, 2006

Table: Worldwide Revenue for the Top 5 Software Vendors, 2006

Table: U.S. Revenue for the Top 5 Services Vendors, 2006

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Related Research

Synopsis

Abstract

This Financial Insights report presents a comprehensive view of the IT trends, challenges, and opportunities that will shape the U.S. insurance industry in 2008. From reporting on the general health of the industry, zeroing in on the fastest-growing geographic segments and top technology buyers, to key IT budget and industry metrics, this guide provides both insurance companies and technology companies supporting the insurance industry with a bird's-eye view of everything needed to build a go-to-market plan for the coming year.

"Insurers are facing new risks and pressures at every turn: producers are demanding easier ways to work with the firm, policyholders are expecting products and services that fulfill their mortality and morbidity requirements in ways they can understand and afford, and regulators are demanding significantly more transparency and capital adequacy. Regardless of these pressures, insurers will win not on their cost improvement capabilities but instead on their ability to provide world-class service and innovative products and services." ? Barry Rabkin, senior research analyst, Insurance, Financial Insights



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