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Market Research Report
Business Strategy: A Review of Insurance IT Executive 2009 Survey Results
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Business Strategy: A Review of Insurance IT Executive 2009 Survey Results published by IDC Financial Insights in February, 2010. This report consists of Pages: 37 and the price starts from US $ 3750.
Abstract
This IDC Financial Insights report discusses the results from IDC' s
2009 Annual Verticals Survey. As IT spend among North American
insurers continues to feel the pressure of the current economic
climate, insurance executives are sharply focused on maximizing IT budgets
that include delaying new and innovative IT projects in favor
of essentials such as security and agency commissions and applications.
The survey includes findings from 252 insurance IT executives and
managers that provide insight to both financial institutions and vendors
on how insurers are managing IT budgets through this current
economic environment.
"In the wake of staff reductions and delayed projects,
priorities continued to be focused on reducing cost, improving efficiency,
and retaining existing customers," according to David Potterton, vice president
for Global Research, IDC Financial Insights. "However, insurers, and the
vendors that serve them, must keep innovation on the strategic
radar to meet the needs of increasingly complex and demanding
customers as the economy recovers in 2010."
Table of Contents
- Financial Insights Opinion
- In This Report
- Situation Overview
- Survey Respondent Demographics
- IT Spending Change
- Purchasing Decisions
- Initiatives and Emerging Technology
- Familiarity with New Technologies
- Vendor Selection and Performance
- Future Outlook
- Essential Guidance
- Actions for Insurance Companies
- Actions for Vendors
- Learn More
- Related Research
- Synopsis
- Table: Respondents by Job Title
- Table: Initiatives Driving IT Investments over the Next 12 Months
- Table: Products or Services That Need to Be Tailored to the Industry
- Table: IT Solutions Investment Plans in the Next 12 Months by Application Type (% of Respondents)
- Figure: Respondents by Insurance Subindustry
- Figure: Changes in Overall IT Spending, 2009
- Figure: Expected Percentage of Increase in IT Spending, 2009
- Figure: Expected Percentage of Decrease in IT Spending, 2009
- Figure: Impact of 2008 Economic Downturn on Organization' s IT Staff in 2009
- Figure: Impact of 2008 Economic Downturn on the Organization' s Use of External Contractors/Consultants in 2009
- Figure: Actions Taken to Cut IT Spending, 2009
- Figure: Percentage of Final IT Purchasing Decisions for Specific Brand/Product Selection by Business Area
- Figure: Familiarity with Technologies
- Figure: Status of Service-Oriented Architecture Adoption
- Figure: Status of Software-as-a-Service Adoption
- Figure: Status of Server Virtualization Adoption
- Figure: Status of Storage Virtualization Adoption
- Figure: Status of Desktop Virtualization Adoption
- Figure: Status of Green Datacenter Adoption
- Figure: Top Reason to Adopt Service-Oriented Architecture
- Figure: Main Provider of Service-Oriented Architecture Solutions
- Figure: Reasons for Not Using/Not Considering Service-Oriented Architecture
- Figure: Top Reason to Adopt Software as a Service
- Figure: Current Views for Not Using/Not Considering Software as a Service
- Figure: Top IT Vendors
- Figure: Importance of Criteria for Choosing Top IT Vendors
- Figure: Organization' s Plans for Working with Indian IT Services Providers
- Figure: Level of Additional Miscellaneous Spending in the Organization, 2008 and 2009
- Figure: Allocation of IT Spending on Essential Software IT Investments, 2008 and 2009
- Figure: Allocation of IT Spending on Innovative IT Investments, 2008 and 2009
- Figure: Allocation of IT Spending on Staff and Salaries, 2008 and 2009
- Figure: Allocation of IT Spending on Hardware, Software, IT Services, and Telecommunications Services, 2008 and 2009
- Figure: Importance of Investment in IT Solution Areas
- Figure: Implementation of IT Solutions for Specific Solution Areas
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