Introduction
This brief provides an overview and tracks key trends in the Eastern European insurance technology market, focusing particularly on the business dynamics that have emerged in Eastern Europe, particularly with respect to foreign entrants. Furthermore, it outlines the emerging core insurance opportunity in the region.
Scope
* This brief covers the main Eastern European markets, including Poland, Czech and Slovak Republics, Slovenia; Hungary, Croatia, Bulgaria and Romania
* It discusses key business and technology trends in Eastern European life and non-life insurance
* Provides spending forecasts for life and non-life insurance, by country and overall insurance broken down by source, 2002-2005
Report Highlights
L&P IT spend is set to grow at a CAGR of 12.1% between 2002 and 2005, with Poland, the Czech Republic and Hungary will remain the largest markets in terms of IT investments going forward.
Non-life insurance IT spend is expected to see some more growth than its L&P counterpart going forward, with a CAGR of 6.4% between 2002 and 2005. This is primarily because the market is already more mature and insurance IT spend already accounts for some 71% of total insurance IT expenditure.
External spend accounts for nearly 56% of IT investments and will continue to dominate going forward.
Reasons to Purchase
* Vendors should purchase this brief in order to better understand the emerging opportunities and IT investment trends in the Eastern European market
* Vendors should purchase this brief to get the latest spending forecasts for the Eastern European insurance technology market
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