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Market Research Report
Business Strategy: Notes from the Singapore Insurance Roundtable
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Business Strategy: Notes from the Singapore Insurance Roundtable published by IDC Financial Insights in July, 2010. This report consists of Pages: 31 and the price starts from US $ 4500.
Abstract
This IDC Financial Insights report delineates the strategic imperatives Singapore
insurers are prioritizing on, as revealed at our Singapore Insurance
Roundtable. The invitation-only event involved nine technology and business domain
leaders from top local and regional insurers and three representatives
from the vendor community. The document also shares findings from
a brief follow-up survey conducted with participants after the Roundtable,
aimed at providing a quick highlight on their forward-looking business
and technology endeavors for the near to the medium term.
"This
report enumerates the top strategic initiatives insurers in Singapore are
focused on, as we emerged from the toughest economic environment
in living history. These attending issues they are facing center
around topics such multichannel delivery models, cost containment and business
process management, data management and business analytics, alternative consumption of
technology, and regulatory compliance," remarked Li-May Chew, CFA, associate research
director, Asia/Pacific Financial Advisory Service. "We uncovered interesting gems at
the session. For instance, we are seeing an evolution in
the way insurers consume information technology — while cloud computing
remains a nascent computing model, participants saw it having the
potential to be among the most transformative developments in the
world of technology."
Table of Contents
- IDC Financial Insights Opinion
- In This Study
- The Singapore Insurance Roundtable 2010
- Situation Overview
- Buoyant Outlook for Asia/Pacific
- Sector Performance: Then in 2009 …
- … And Now in 2010
- Spotlighting the Singapore Market
- Life Insurance
- Non–Life Insurance
- IT Spending and Investment Behavior
- The Approach
- Core Focus Areas for Singapore Insurers
- Integrated Multichannel Delivery
- Bancassurance
- Online Distribution
- Cost Management and Business Process Reengineering
- Data Management and Business Analytics
- Alternative Consumption of IT
- Regulatory Compliance and Risk Management
- Future Outlook
- Essential Guidance
- Actions for Financial Institutions to Consider
- Actions for Vendors
- Learn More
- Related Research
- Synopsis
- Figure: Population Aged Older than 60 as a Percentage of Total by Region, 1975, 2000, 2025, and 2050
- Figure: Life Insurance: Total Weighted New Business Premiums Collected, 2008 and 2009 (S$M)
- Figure: Non–Life Insurance Performance, 2008 and 2009
- Figure: Change in IT Spending for 2010 Compared with 2009
- Figure: Insurance-Specific Solutions or Services Investments Being Considered for 2010
- Figure: Horizontal Solutions Investments Being Considered for 2010
- Figure: The Push for a More Cost-Effective IT Infrastructure
- Figure: Importance Level of Cloud Computing Attributes
- Figure: Changes Regarding How Insurers Purchase and Consume Technology
- Figure: Importance Level of Strategic Insurance Imperatives in the Next 12 Months
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