Insurance technology spending in the US to 2013

Introduction

This databook provides comprehensive and up-to-date information on technology spending within the insurance industry in United States.

Scope

• Provides a breakdown of technology spending in the US insurance industry by function
• Assesses the revenue opportunities within the front office, middle office and back office
• The report also provides a breakdown of two business lines, 13 business functions and three business locations within the insurance industry

Highlights

Policy administration led the insurance technology spending in the US, accounting for 20%, with a spend of $4,890.9m in 2007. Claims processing followed, with a spend of $4,508.4m, accounting for 18.4% of the total insurance technology spend in 2007.

Technology spending within the life insurance business line in the US was valued at $10,057m in 2007, growing at a CAGR of 7% between 2005 and 2007. Policy administration led the life insurance technology spending in the US, accounting for 25.4%, with a spend of $2,556.1m in 2007.

Reasons to Purchase

• Develop business strategies from spending pattern analysis within the insurance industry in the US
• Design effective marketing and sales strategies by identifying key and fast growth segments within the insurance industry
• Make informed business decisions through an understanding of the overall spending trends within the insurance industry in the US