Top Companies in the Norwegian Insurance Industry: IT Spending Predictor 2010

Introduction

This databook provides estimates of IT spending for the top companies in the Norwegian Insurance industry. The databook is a comprehensive source of IT spending by company, including assessment by technology and channel. The databook also provides information on the IT contracts of these companies where available.

Scope

*Ovum's view of the top companies in the Norwegian Insurance sector in terms of IT spending

*A breakdown of the estimated IT budget by technology for each of the top companies

*A breakdown of the estimated IT budget by channel for each of the top companies

*Details of IT services contracts by company where available

Highlights

The top companies in the Norwegian insurance industry in terms of estimated IT spending spent the largest portion of their IT budgets on services, a segment that accounted for about 29% of the IT budgets among these firms. This was followed by spending on hardware and software.

Among the top companies, a major portion of IT spending is allocated to external IT. Telco accounted for approximately 22% of the total estimated IT spending by these companies. Kommunal Landspensjonskasse remained the leading company in terms of spending on the various channels,followed by Storebrand Livsforsikring AS & Vital Forsikring ASA.

Reasons to Purchase

*Gain insight into IT budget breakdown of top companies in the Norwegian Insurance industry and identify notable areas of allocation

*Identify organizations with top IT expenditures in your target markets

*Leverage IT spending pattern information to tailor account targeting based on company demographics

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TABLE OF CONTENTS
Overview 1
Catalyst 1
Summary 1
Introduction 9
Reasons to purchase 9
Definitions 9
Norwegian Insurance Industry: Estimated Spending on IT 12
Overview 12
Estimated spending by technology segment 14
Estimated IT spending by channel 16
Kommunal Landspensjonskasse 18
Budget overview 18
Kommunal Landspensjonskasse, estimated spending on IT 19
Kommunal Landspensjonskasse, estimated IT spending by channel 23
Storebrand Livsforsikring AS 25
Budget overview 25
Storebrand Livsforsikring AS, estimated spending on IT 26
Storebrand Livsforsikring AS, estimated IT spending by channel 30
Storebrand Livsforsikring AS, IT contracts 32
Vital Forsikring ASA 38
Budget overview 38
Vital Forsikring ASA, estimated spending on IT 39
Vital Forsikring ASA, estimated IT spending by channel 43
Vital Forsikring ASA, IT contracts 45
Assuranceforeningen Gard - Gjensidig 47
Budget overview 47
Assuranceforeningen Gard - gjensidig, estimated spending on IT 48
Assuranceforeningen Gard - gjensidig, estimated IT spending by channel 52
Assuranceforeningen Skuld (Gjensidig) 54
Budget overview 54
Assuranceforeningen Skuld (Gjensidig), estimated spending on IT 55
Assuranceforeningen Skuld (Gjensidig), estimated IT spending by channel 59
Norwegian Hull Club 61
Budget overview 61
Norwegian Hull Club, estimated spending on IT 62
Norwegian Hull Club, estimated IT spending by channel 66
Protector Forsikring ASA 68
Budget overview 68
Protector Forsikring ASA, estimated spending on IT 69
Protector Forsikring ASA, estimated IT spending by channel 73
Appendix 75
Methodology 75
Further reading 76
Disclaimer 77

LIST OF FIGURES
Figure 1: Top companies in the Norwegian insurance industry, estimated spending on IT ($m), 2009–10 12
Figure 2: Top companies in the Norwegian insurance industry, estimated spending by technology segment ($m), 2009 14
Figure 3: Top companies in the Norwegian insurance industry, estimated spending on IT by channel ($m), 2009 16
Figure 4: Kommunal Landspensjonskasse, estimated spending by IT segment ($m), 2009 19
Figure 5: Kommunal Landspensjonskasse, estimated spending by IT sub-segment ($m), 2009 21
Figure 6: Kommunal Landspensjonskasse, estimated spending on IT by channel (%), 2009 23
Figure 7: Storebrand Livsforsikring AS, estimated spending by IT segment (%), 2009 26
Figure 8: Storebrand Livsforsikring AS, estimated spending by IT sub-segment ($m), 2009 28
Figure 9: Storebrand Livsforsikring AS, estimated spending on IT by channel (%), 2009 30
Figure 10: Vital Forsikring ASA, estimated spending by IT segment (%), 2009 39
Figure 11: Vital Forsikring ASA, estimated spending by IT sub-segment ($m), 2009 41
Figure 12: Vital Forsikring ASA, estimated spending on IT by channel (%), 2009 43
Figure 13: Assuranceforeningen Gard - gjensidig, estimated spending by IT segment (%), 2009 48
Figure 14: Assuranceforeningen Gard - gjensidig, estimated spending by IT sub-segment ($m), 2009 50
Figure 15: Assuranceforeningen Gard - gjensidig, estimated spending on IT by channel (%), 2009 52
Figure 16: Assuranceforeningen Skuld (Gjensidig), estimated spending by IT segment, 2009 55
Figure 17: Assuranceforeningen Skuld (Gjensidig), estimated spending by IT sub-segment ($m), 2009 57
Figure 18: Assuranceforeningen Skuld (Gjensidig), estimated spending on IT by channel (%), 2009 59
Figure 19: Norwegian Hull Club, estimated spending by IT segment (%), 2009 62
Figure 20: Norwegian Hull Club, estimated spending by IT sub-segment ($m), 2009 64
Figure 21: Norwegian Hull Club, estimated spending on IT by channel (%), 2009 66
Figure 22: Protector Forsikring ASA, estimated spending by IT segment (%), 2009 69
Figure 23: Protector Forsikring ASA, estimated spending by IT sub-segment ($m), 2009 71
Figure 24: Protector Forsikring ASA, estimated spending on IT by channel (%), 2009 73

LIST OF TABLES
Table 1: Definitions: IT segments and sub segments 10
Table 2: Definitions: channels 11
Table 3: Top companies in the Norwegian insurance industry, estimated spending on IT ($m), 2009–10 13
Table 4: Top companies in the Norwegian insurance industry, estimated spending by technology segment ($m), 2009 15
Table 5: Top companies in the Norwegian insurance industry, estimated spending on IT by channel ($m), 2009 17
Table 6: Kommunal Landspensjonskasse, IT budget estimates (%), 2009–10 18
Table 7: Kommunal Landspensjonskasse, IT budget by estimated entity (as % of overall IT budget), 2009 18
Table 8: Kommunal Landspensjonskasse, estimated spending by IT segment ($m), 2009 20
Table 9: Kommunal Landspensjonskasse, estimated spending by IT sub-segment ($m), 2009 22
Table 10: Kommunal Landspensjonskasse, estimated spending on IT by channel ($m), 2009 24
Table 11: Storebrand Livsforsikring AS, IT budget estimates (%), 2009–10 25
Table 12: Storebrand Livsforsikring AS, estimated IT budget by entity (as % of overall IT budget), 2009 25
Table 13: Storebrand Livsforsikring AS, estimated spending by IT segment ($m), 2009 27
Table 14: Storebrand Livsforsikring AS, estimated spending by IT sub-segment ($m), 2009 29
Table 15: Storebrand Livsforsikring AS, estimated spending on IT by channel ($m), 2009 31
Table 16: IT contract: Storebrand Livsforsikring AS with EDB Business Partner (1) 32
Table 17: IT contract: Storebrand Livsforsikring AS with EDB Business Partner (2) 34
Table 18: IT contract: Storebrand Livsforsikring AS with ErgoGroup 36
Table 19: IT contract: Storebrand Livsforsikring AS with EDB Business Partner (3) 37
Table 20: Vital Forsikring ASA, IT budget estimates (%), 2009–10 38
Table 21: Vital Forsikring ASA, estimated IT budget by entity (as % of overall IT budget), 2009 38
Table 22: Vital Forsikring ASA, estimated spending by IT segment ($m), 2009 40
Table 23: Vital Forsikring ASA, estimated spending by IT sub-segment ($m), 2009 42
Table 24: Vital Forsikring ASA, estimated spending on IT by channel ($m), 2009 44
Table 25: IT contract: Vital Forsikring ASA with Computer Sciences Corp (CSC) 45
Table 26: Assuranceforeningen Gard - gjensidig, IT budget estimates (%), 2009–10 47
Table 27: Assuranceforeningen Gard - gjensidig, estimated IT budget by entity (as % of overall IT budget), 2009 47
Table 28: Assuranceforeningen Gard - gjensidig, estimated spending by IT segment ($m), 2009 49
Table 29: Assuranceforeningen Gard - gjensidig, estimated spending by IT sub-segment ($m), 2009 51
Table 30: Assuranceforeningen Gard - gjensidig, estimated spending on IT by channel ($m), 2009 53
Table 31: Assuranceforeningen Skuld (Gjensidig), IT budget estimates (%), 2009–10 54
Table 32: Assuranceforeningen Skuld (Gjensidig), estimated IT budget by entity (as % of overall IT budget), 2009 54
Table 33: Assuranceforeningen Skuld (Gjensidig), estimated spending by IT segment ($m), 2009 56
Table 34: Assuranceforeningen Skuld (Gjensidig), estimated spending by IT sub-segment ($m), 2009 58
Table 35: Assuranceforeningen Skuld (Gjensidig) estimated spending on IT by channel ($m), 2009 60
Table 36: Norwegian Hull Club, IT budget estimates (%), 2009–10 61
Table 37: Norwegian Hull Club, estimated IT budget by entity (as % of overall IT budget), 2009 61
Table 38: Norwegian Hull Club, estimated spending by IT segment ($m), 2009 63
Table 39: Norwegian Hull Club, estimated spending by IT sub-segment ($m), 2009 65
Table 40: Norwegian Hull Club, estimated spending on IT by channel ($m), 2009 67
Table 41: Protector Forsikring ASA, IT budget estimates (%), 2009–10 68
Table 42: Protector Forsikring ASA, estimated IT budget by entity (as % of overall IT budget), 2009 68
Table 43: Protector Forsikring ASA, estimated spending by IT segment ($m), 2009 70
Table 44: Protector Forsikring ASA, estimated spending by IT sub-segment ($m), 2009 72
Table 45: Protector Forsikring ASA, estimated spending on IT by channel ($m), 2009 74


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