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Market Research Report

Western European Insurance Sector, 2005: Enterprise IT Solutions Adoption and Investment Plans: A Financial Insights Survey

Published by Financial Insights Contact us : +1-860-674-8796
Published 2005/09 Content info Pages: 31
Product code FIT33279
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Description TOC

Abstract

This Financial Insights study analyzes the results of a Financial Insights/IDC survey carried out in France, Germany, Italy, Spain, and the United Kingdom. The results are based on 57 interviews in insurance market. This study analyzes investment priorities and 2005 investment plans for horizontal solutions.

"In terms of horizontal solutions, the attention of European insurance companies is on security technologies, business intelligence/data warehouse and ERP/back-office solutions. IT vendors will have a major role in providing the hardware, software, and IT services necessary to establish consolidated and more efficient processes across internal and external insurance staff to better exploit these solutions. European insurance providers are looking for the best practices to reduce costs, including claims, and to enhance the performance of distribution channels. IT vendors need to gain a larger confidence of insurance companies by demonstrating they can quickly understand their requirements. This will represent the key competitive element to successfully serve insurance companies with horizontal enterprise solutions," says Mirko Corbetta, research analyst, Financial Insights European IT Opportunity: Financial Services research.

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