Abstract
Introduction
The insurance sector continues to struggle with waning premiums, poor
investment performance and large charges from DAC unlocking. There are signs
of a rebound, however: equities have bounced back from March lows, yield is
returning to government debt and economic news is bad but "less bad" than
before. The current environment has affected insurers' budgets and IT spending
strategies.
Scope of this research
- Financial and operational overview of key insurers.
- A look at the credit, equities and real estate markets affecting insurers'
investment income.
- Explores the M&A environment in Europe, North America and Asia.
- Provides an overview of drivers and adoption rates of Business
Intelligence (BI) in the insurance vertical.
Research and analysis highlights
The greatest industry pain has come from withering investment income and large
write-offs from securities in troubled entities. The turbulent markets have
wreaked havoc on variable annuity providers who have had to take DAC unlocking
charges.
The scale of the recent downturn could have been mitigated with better risk
management strategies. Additionally, low top-line growth and anaemic
investment income is elevating the need to improve operational efficiency in
order to protect profitability.
In NA and Europe, budget decreases outpaced increases in 2009, according to a
Datamonitor survey. This is expected to reverse in 2010, ushering in a period
of healthier IT spending. In Asia Pacific, IT budgets will be strong and
stable between 2009 -10.
Key reasons to purchase this research
- Gain insight into initiatives and strategies being deployed within the
insurance sector.
- Gain insight into trends occurring in the insurance sector.
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