Research and Markets: Insurance Technology - 2011 Trends to Watch

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/220ba8/2011_trends_to_wat) has announced the addition of the "2011 Trends to Watch: Insurance Technology" report to their offering.

Financial success in the insurance industry depends on insurers being able to leverage the changing risk landscape, regardless of whether the risk terrain experiences minor alterations or major reshaping. In 2011 the insurance industry will face a significantly altered risk terrain requiring dramatic redesign of strategies, business models, products, and distribution channels.

Scope of this research:

  • Analysis of the key business trends and technology enablers impacting the insurance industry in North America, EMEA, and Asia-Pacific. Identification of three specific overarching trends that are reshaping the insurance industry. Discussion of specific initiatives that insurance companies should consider implementing in 2011. Discussion of opportunities available to technology vendors in 2011 supporting the insurance industry. Research and analysis highlights
  • Competitive success in 2011 will require insurers to strengthen their competencies in business intelligence to adhere to the growing number of global regulations and generate profits. Insurers must find a balance between lowering costs and maintaining their multiple core systems. Insurers must carefully begin to use social media.

Key reasons to purchase this research:

What are the major trends that will impact insurance companies in 2011? What are the initiatives insurers should implement in 2011 to compete in the significantly changing risk landscape? What are the opportunities for technology vendors supporting the insurance industry in 2011?

Key Topics Covered:

BUSINESS TRENDS AND TECHNOLOGY ENABLERS

  • Key business trends and technology enablers of the 2011 insurance industry

REGULATORY REFORM TRIGGERS INSURANCE INDUSTRY STRUCTURAL CHANGES

  • Regulators will demand stricter financial viability
  • The regulatory drums will continually thunder a warning of "systemic risk"
  • The new US insurance-industry federal regulator will "play nice" with the state regulators in 2011 (for now)
  • There will be less money for business operations, customers, and channels

THE POST-CRISIS "ECONOMICS OF LESS" OFFERS INSURERS BOTH PAIN AND GAIN

  • Longevity risk will pressure countries, corporations, and consumers
  • Non-life insurers will continue to feel pain
  • Life insurers will make sure they gain
  • Asia-Pacific is, and will continue to be, an oasis of growth

THE EXPANDING "DIGITAL DOMAIN" RESHAPES INSURERS' GO-TO-MARKET STRATEGIES

  • Web use grows unabated
  • Newspapers, books, music, videos, and insurance? Oh my!
  • The insurance industry will continue to take small steps in 2011 to participate in the digital marketplace
  • The digital marketplace is ever-expanding
  • Increased digital information flows through the insurance value chains
  • Digitized information flows through the internal functional and financial engines

RECOMMENDATIONS

  • Recommendations for insurance companies
  • Keep costs low
  • Strengthen analytical competencies
  • Use social networking capabilities
  • Recommendations for vendors
  • Maintaining the past while honoring the present
  • Folding in the future (slowly)
  • Not resting on one's laurels

For more information visit http://www.researchandmarkets.com/research/220ba8/2011_trends_to_wat.

Source: Ovum

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716