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Insurance technology spending in Nordics to 2013

Published by: Datamonitor

Published: Jul. 2, 2009


Table of Contents


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

Abstract

Introduction

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

Scope
  • Provides a breakdown of technology spending in Nordics 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 Nordics, accounting for 24.2%, with a spend of $409.8m in 2007. Claims processing followed, with a spend of $279.5m, accounting for 16.5% of the total insurance technology spend in 2007.

Technology spending within the life insurance business line in Nordics was valued at $946.2m in 2007, growing at a CAGR of 7.3% between 2005 and 2007. Policy administration led the life insurance technology spending in Nordics, accounting for 27.1%, with a spend of $256.3m in 2007.Reasons to Purchase
  • Develop business strategies from spending pattern analysis within the insurance industry in Nordics
  • 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 Nordics


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