Vendors
日本語
search
  2. //
  3. Reports & insights
  4. //
  5. Trends in European Insurance for 2009

Trends in European Insurance for 2009

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
9 February 2009
Catherine Stagg-Macey

Abstract

London, United Kingdom 9 February 2009

Distribution, profit pressure, and continued competition set the backdrop for a challenging year for European insurers, along with steady IT budgets and a continued commitment to investing in technology.

In a new report, Trends in European Insurance for 2009, Celent delves into trends in general and life insurance in Europe and explores how they might influence IT investments.

Trends discussed in this report reflect Celent’s experience of the market based on ongoing discussions with the industry, and, specifically, in-depth interviews with ten CIOs at the end of 2008. The interviews covered business and IT priorities for 2009, as well as details around budgets changes, spending priorities, and attitudes towards outsourcing and Web 2.0.

"There are two strategies at play here," says Catherine Stagg-Macey, senior analyst with Celent’s Insurance Group and author of the report. "Insurers are defending their business models and refining their channel strategies. These strategies are influencing important decisions in core system replacement, portal refreshes, and increased automation."

This report highlights insurers’ continued focus on improving profitability by managing expenses. Automation is the lever to better profitably, and many insurers are reviewing how manufacturing techniques can be applied to insurance processes.

"SOA is here to stay, and our conversations with CIOs reflect that. The decoupling of front and back offices is an important steps in positioning a company for agility," Stagg-Macey adds.

This 22-page report contains 8 figures and one table. A table of contents is available online.

Members of Celent's Life/Health Insurance and Property/Casualty Insurance research services can download the report electronically by clicking on the icon to the left. Non-members should contact info@celent.com for more information.

Client Access