Asian Financial Services

by KyongSun Kong, June 7, 2016
Industry Trends
Asia-Pacific

Abstract

The property and casualty policy administration system market remains fragmented. Celent believes that sales of P&C PAS systems in APAC will continue at a steady pace during mid-2015 to mid-2017.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

 

Key Research Questions

1

Introduction

2

 

Key Research Questions

2

 

Report Approach

2

 

Report Limitations

3

The APAC P&C PAS Market

4

 

PASs in Production by Size of Insurer

4

 

Client Implementations by Country

4

 

Established Vendor Market

5

 

Size of Vendor Client Base

6

 

Estimated Market Shares

7

Recent P&C PAS Software Deals

8

P&C PAS Market Size Estimates

10

 

Projecting P&C PAS Deals

10

 

Projecting the P&C PAS Market Size

11

Conclusion

13

 

Advice for APAC P&C PAS Vendors

13

 

Advice for APAC Insurers

13

Leveraging Celent’s Expertise

14

 

Support for Financial Institutions

14

 

Support for Vendors

14

Related Celent Research

15

by KyongSun Kong, June 7, 2016
Industry Trends
Asia-Pacific

Abstract

The life, pension, annuity, and health policy administration system market remains fragmented. Celent believes that sales of life, pension, annuity, and health PAS systems in APAC will continue at a steady pace during mid-2015 to mid-2017.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

 

Key Research Questions

1

Introduction

2

 

Key Research Questions

2

 

Report Approach

2

 

Report Limitations

3

The APAC Life, Annuity, and Health PAS Market

4

 

PASs in Production by Size of Insurer

4

 

Client Implementations by Country

4

 

Established Vendor Market

5

 

Size of Vendor Client Base

6

 

Estimated Market Shares

7

Recent Life, Annuity, and Health PAS Software Deals

8

Life, Annuity, and Health PAS Market Size Estimates

10

 

Projecting Life, Annuity, and Health PAS Deals

10

 

Projecting the Life, Annuity, and Health PAS Market Size

11

Conclusion

13

 

Advice for APAC Life, Annuity, and Health PAS Vendors

13

 

Advice for APAC Life, Annuity, and Health PAS Insurers

13

Leveraging Celent’s Expertise

14

 

Support for Financial Institutions

14

 

Support for Vendors

14

Related Celent Research

15

by Neil Katkov, PhD, May 31, 2016
Other
Asia-Pacific

Abstract

Celent has released a new report titled Progress Towards a Digital Future in Asia: Results from the Asia Insurance Research Panel. The report was written by Neil Katkov, PhD, Celent’s Senior Vice President for Asia.

 

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

 

Key Research Questions

1

Introduction

2

Insurer Awareness of the Digital Imperative

4

What Do Insurers Think Consumers Want?

6

How Are Insurers in Asia Preparing for Digital?

9

 

Co-Innovation

9

 

Targeting the Digital Proposition

10

Digital Enablement and Digital Innovation

11

Execution of Digital Initiatives

14

 

Implementation Challenges

16

Conclusions

17

Appendix: Survey Demographics

18

Leveraging Celent’s Expertise

19

 

Support for Financial Institutions

19

 

Support for Vendors

19

Related Celent Research

20

Supply Chain Financing Innovation: How to Serve the SME?
by Hua Zhang, May 26, 2016
Industry Trends
Asia-Pacific

Abstract

中小企业的金融需求一直都挺旺盛,但是如何低成本来服务于中小企业一直都是银行业的困扰。现在一些金融机构通过为中小企业提供SaaS服务、B2B交易服务、物流服务来切入供应链金融,以便于更好了解他们的企业客户,比如:招商银行的出行易就是出于这样一种场景的。

在新报告,供应链金融创新:如何发展中小企业金融服务,Celent分析了四种目前主要的供应链金融模式创新,包括:基于SaaS服务的、B2B交易服务、物流仓储服务和以核心企业为基础的供应链金融的商业模式、服务、案例和趋势。

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

by KyongSun Kong, May 24, 2016
Industry Trends
Asia-Pacific

Abstract

South Korea’s payments market faced a turning point in 2015 with the emergence of smart pay, a simplified form of mobile payments made using smartphones.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

 

Key Research Questions

1

Change in South Korea’s Mobile Payments Market

2

Smart Pay Market by the Numbers

4

Conditions for Continued Growth

8

 

Continued Strengthening of Security

8

 

Expanding the Scope of Offline Use Locations

8

 

Service Model Differentiation

8

 

Clearly Articulate Smart Pay Business Objectives

8

Conclusion

10

Leveraging Celent’s Expertise

11

 

Support for Financial Institutions

11

 

Support for Vendors

11

Related Celent Research

12

by Karen Monks,  Jamie Macgregor,  Juan Mazzini,  KyongSun Kong, April 27, 2016
Industry Trends
Global

Abstract

Celent estimates that, globally, insurance IT spending will grow to US$184.9 billion in 2016, with continued growth to US$208.1 in 2018 — a CAGR of 6.1%. This upward shift is above last year’s estimates and is the result of increased premiums in most regions and efforts to keep competitive in a digital market.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

 

Key Research Questions

1

Introduction

3

 

Key Research Questions

3

 

Global Insurance Market

3

 

Definition of IT Spending

4

The Insurance Industry Global View

6

 

Top Technology Trends

7

North America

11

 

Snapshot

11

 

Top Trends

13

Europe

16

 

Snapshot

16

 

Top Trends

18

Asia-Pacific

21

 

Snapshot

21

 

Top Trends

23

Latin America

28

 

Snapshot

28

 

Top Trends

30

Rest of the World

36

Conclusion

37

Leveraging Celent’s Expertise

38

 

Support for Financial Institutions

38

 

Support for Vendors

38

Related Celent Research

39

Asia Anti-Money Laundering Summit

: Singapore
: July 13, 2016
: Eiichiro Yanagawa, Banking, Asian Financial Services, Global Financial Services, Securities & Investments
Asia-Pacific

The Asia Anti-Money Laundering Summit 2016 will bring together experts including regulators and law enforcement officers, insurers and insurance distribution agents and claims management professionals in a collaborative partnership to address these hot issues, be able to identify red flags and take effective compliance and enforcement against Money Laundering. The whole financial system has to be vigilant and work together to effectively combat money laundering activities.

17th Asia Conference on Bancassurance and Alternative Distribution Channels

: Jakarta, Indonesia
: May 10, 2016
: Eiichiro Yanagawa, Asian Financial Services, Insurance
Asia-Pacific

Asia Insurance Review’s 17th Asia Bancassurance Conference will look at the billion dollar offering in Bancassurance - both traditional and mobile - as well as the latest bancasurance deals, trends, issues and alternatives channels around the region. The two-day conference will look at various multichannel approach, customer and relationship management, product innovation, digital technology, mobile bancassurance and the secrets that keep bancassurance thriving today.

by KyongSun Kong, April 25, 2016
Industry Trends
Asia-Pacific

Abstract

Celent found that digital transformation and IT operational excellence are the current hot initiatives among APAC insurance CIOs from 2016 APAC Insurance CIO Survey.

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

Executive Summary

1

Introduction

2

Business Goals’ Influence on IT Plans

5

Major Initiative Status

7

Plans to Replace or Maintain Specific Applications

9

2015 IT Budgets

11

Digital Initiatives’ Projected Level of Activity

14

Innovation: Disruptive Vs. Incremental

16

Conclusion

17

Leveraging Celent’s Expertise

18

 

Support for Financial Institutions

18

 

Support for Vendors

18

Related Celent Research

19

Scenario-Based Financial Services: The Next Generation of Digital Channels
by Hua Zhang, April 25, 2016
Industry Trends
Asia-Pacific

Abstract

近年来,平安集团在房地产金融业务上成立了平安好房互联网平台;在健康业务上,平安健康互联网打造健康医疗服务平台,建立了全职网络医生团队,搭建B2C、O2O线上供药网络。为什么一家金融公司要大力发展互联网业务?

场景化金融是将金融机构的电子渠道,比如:手机银行、信用卡等,与用户的使用场景结合,往用户端延伸,比如:支付与打车场景结合,保险与旅行场景结合。Celent在报告中介绍了什么是场景化金融,为什么场景化金融是下一代金融渠道,领先的互联网公司和金融公司的场景化金融的战略,各种场景化金融的商业模式。

在新报告,场景化金融:下一代渠道,Celent分析了场景化金融的商业模式、案例和趋势。

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].

Media Contacts

North America
Michele Pace
mpace@celent.com
Tel: +1 212 345 1366

Europe (London)
Chris Williams
cwilliams@celent.com
Tel: +44 (0)782 448 3336

Asia (Tokyo)
Yumi Nagaoka
ynagaoka@celent.com
Tel.: +81 3 3500 3023

Table of Contents

概要 

1

 

Key Research Questions

1

为什么场景化金融是下一代金融渠道 

3

大型互联网公司的场景化金融服务 

4

阿里巴巴 

5

 

腾讯

5

 

百度

6

传统金融机构的金融场景化 

8

其他零售业场景化金融 

9

 

分期

9

 

保险

9

 

基于SAAS的企业级

10

结论 

12

Leveraging Celent’s Expertise

13

 

Support for Financial Institutions

13

 

Support for Vendors

13

Related Celent Research

14

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