ICT investment trends in insurance - Enterprise ICT spending patterns through to the end of 2015

This report presents the findings from a survey of 132 insurance companies regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how insurers' currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

Key Findings

* Kable's survey shows that insurers are increasing their investment in ICT services by (X%), compared to 2013, and reach (X%) in 2014.
* In 2014, X% of insurers are planning to increase their overall ICT expenditure (both slightly and significantly) in the IT project of business support.
* Core policy administration has been assigned the highest investment priority, as X% of respondents are considering it as one of the top three IT projects for insurers in 2014.

Full Report Details at
- http://www.fastmr.com/prod/890122_ict_investment_trends_in_insurance_enterprise_ict.aspx?afid=301

This report presents the findings from a survey of 132 insurers regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how insurers currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

The report illustrates the core technologies enterprises are investing in, including security, business intelligence, and content management. The survey also highlights the approach adopted by insurers to purchase technology. Through Kable's survey, the report aims to provide better insight to ICT vendors and services providers when pitching their solutions to insurers.

In particular, it provides an in-depth analysis of the following:

* Understand how ICT budgets are set to change in 2014 in terms of their overall size.
* Appreciate how IT budgets are allocated across the core elements of IT spend, including hardware, software, services, communications, and consulting.
* Learn how IT money is being spent in areas such as the data centre, applications, IT management and the network.
* Gain an understanding regarding which ICT functions insurers are interested in outsourcing.
* Identify insurers' investment priorities based on their budget allocations across core technology categories such as security, business intelligence, and content management.
* Learn about the drivers that are influencing insurers' in each technology category.
* Establish how insurers' IT budgets are currently allocated across various segments within a technology category.
* Gain insight into how insurers plan to change their ICT budget allocations across various segments within a technology category.
* Understand the vendor mindshare for various core and advanced technology categories.
* Provides insight into insurers' preferred buying approaches.
* Comprehend the business and IT objectives that insurers are looking to achieve through their IT investment strategies.

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