StraightTalk


Succinct, incisive, and challenging insights and analysis from Ovum's global analyst team.


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Author: Charles Juniper

Strategic IT investment by large life insurers drives significant budget growth in 2014

This piece summarizes the findings of 60 interviews with life insurers conducted in September 2013, as part of Ovum's ICT Enterprise Insights survey to understand key business drivers and IT spending priorities in 2014.
Charles Juniper

Larger non-life insurers shift focus to strategic IT projects in 2014

This piece summarizes the findings of 53 interviews with non-life insurers conducted in September 2013, as part of Ovum's ICT Enterprise Insights survey to understand key business drivers and IT spending priorities in 2014.
Charles Juniper

System flexibility should be a key criterion when choosing policy administration platforms

Findings from the recent Ovum ICT Enterprise Insights program show that among European P&C insurers, policy administration modernization is a high priority for the next 18 months and beyond.
Charles Juniper

Global insurance IT spending set to top $100bn by 2017

As conditions in insurance markets worldwide slowly improve, CIOs are beginning to re-assess their strategies to drive a new set of IT priorities, and increasing their IT budgets to support these.
Charles Juniper

Agency management platform market will polarize in the next 36 months

Ovum believes that the agency management platform market will polarize in the next 36 months, with only a small number of vendors that are able to compete in the multi-national agency space breaking away from the larger pack of regional players.
Charles Juniper

Insurers rearm to fight professional fraudsters

Driven by the alarming increase in professional fraud networks, many insurers are redesigning their current fraud strategies to deliver more sophisticated fraud systems. An effective fraud strategy can provide a competitive advantage in difficult market conditions.
Charles Juniper

Core system transformation is a key priority for life insurers

Outdated core administration systems are hampering life insurers as they try to adapt to slow premium growth, macroeconomic weakness, and new regulations. This has driven renewed interest in core system transformation, particularly in North America and Europe.
Charles Juniper

Life insurers cut 2013 IT budgets in response to weak European economy

The annual Ovum Business Trends: Global Life Insurance Technology Investment Strategies report analyzes the results of in-depth interviews with 103 CIOs from the life insurance companies operating in Asia-Pacific, North America, and Europe. The results from the latest survey, conducted between June and July 2012, reveal marked contrasts in priorities, budget expectations, and levels of confidence among life insurance companies across the major geographic regions.
Charles Juniper

Online channels are a critical priority for European insurers in 2013

The annual Ovum Business Trends: European Insurance Technology Investment Strategies report analyzes the results of in-depth interviews with 76 CIOs from European insurance companies operating in both the life and property and casualty (P&C) sectors. The results from the latest survey, conducted between June and July 2012, reveal marked contrasts in priorities, budget expectations, and levels of confidence between the life and P&C sectors in Europe.
Charles Juniper

Xchanging launches insurance platform portfolio under Xuber brand

Xchanging is re-launching its insurance software business to form a separate unit that will bring together the existing portfolio of software products under a single brand name, Xuber. The formation of Xuber coincides with the release of a range of new products that will clarify the development roadmap for the existing client base and serve as a platform that forms the basis of its wider ambitions.
Charles Juniper