Insurance Industry Technology Spending Forecast in Middle East to 2014

Introduction

This databook provides comprehensive and up-to-date information on technology spending within the insurance industry in Middle East, across a range of sources and locations.

Scope

*Provides a breakdown of technology spending in Middle East insurance industry by function

*Assesses the revenue opportunities within the front office, middle office and back office

*The report also provides a breakdown of two business lines, 13 business functions and three business locations within the insurance industry

Highlights

Policy administration led the insurance technology spending in Middle East in 2008, accounting for 24.6%. Insurance technology spending in Middle East is forecast to grow at a CAGR of 10% over the period 2009-14.

Life insurance technology spending in Middle East is forecast to grow at a CAGR of 10.7% over the period 2009-14. Non-life insurance technology spending in Middle East is forecast to grow at a CAGR of 9.8% over the period 2009-14.

Reasons to Purchase

*Develop business strategies from spending pattern analysis within the insurance industry in Middle East

*Design effective marketing and sales strategies by identifying key and fast growth segments within the insurance industry

*Make informed business decisions through an understanding of the overall spending trends within the insurance industry in Middle East


Report Highlights

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TABLE OF CONTENTS
OVERVIEW 1
Catalyst 1
Summary 1
INTRODUCTION 7
Reasons to purchase 7
Definitions 7
INSURANCE INDUSTRY TECHNOLOGY SPENDING 12
Overview 12
Spend by line of business 14
Spend by technology source 17
Spend by business function 21
Technology spend by location 25
LIFE INSURANCE TECHNOLOGY SPENDING 29
Spend by technology source 29
Spend by business function 33
Spending by location 37
NON-LIFE INSURANCE TECHNOLOGY SPENDING 41
Spend by technology source 41
Spending by business function 45
Spending by location 49
APPENDIX 53
Methodology 53
Further reading 54
Disclaimer 54

LIST OF FIGURES
Figure 1: Insurance industry, Middle East, technology spend ($m) and growth (%), 2006–14 12
Figure 2: Insurance industry, Middle East, technology spend by line of business ($m), 2006–08 14
Figure 3: Insurance industry, Middle East, technology spend by line of business ($m), 2009–14 16
Figure 4: Insurance industry, Middle East, technology spend by source (%), 2008 17
Figure 5: Insurance industry, Middle East, technology spend by source ($m), 2009–14 19
Figure 6: Insurance industry, Middle East, technology spend by business function ($m), 2007 and 2008 21
Figure 7: Insurance industry, Middle East, technology spend by business function ($m), 2009–14 23
Figure 8: Insurance industry, Middle East, technology spend by location (%), 2008 25
Figure 9: Insurance industry, Middle East, technology spend by location ($m), 2009–14 27
Figure 10: Life insurance, Middle East, technology spend by source (%), 2008 29
Figure 11: Life insurance, Middle East, technology spend by source ($m), 2009–14 31
Figure 12: Life insurance, Middle East, technology spend by business function ($m), 2007 and 2008 33
Figure 13: Life insurance, Middle East, technology spending by business function ($m), 2009–14 35
Figure 14: Life insurance, Middle East, technology spending by location (%), 2008 37
Figure 15: Life insurance, Middle East, technology spending by location ($m), 2009–14 39
Figure 16: Non-life insurance, Middle East, technology spend by source (%), 2008 41
Figure 17: Non-life insurance, Middle East, technology spend by source ($m), 2009–14 43
Figure 18: Non-life insurance, Middle East, technology spending by business function ($m), 2007 and 2008 45
Figure 19: Non-life insurance, Middle East, technology spending by business function ($m), 2009–14 47
Figure 20: Non-life insurance, Middle East, technology spending by location (%), 2008 49
Figure 21: Non-life insurance, Middle East, technology spending by location ($m), 2009–14 51
Figure 22: Insurance industry technology spending, forecast methodology 53

LIST OF TABLES
Table 1: Insurance business functions definitions 8
Table 2: Insurance lines of business definitions 9
Table 3: Insurance location definitions 9
Table 4: Insurance industry technology sources: definitions 10
Table 5: Insurance industry, Middle East, technology spend ($m) and growth (%), 2006–14 13
Table 6: Insurance industry, Middle East, technology spend by line of business ($m), 2006–08 15
Table 7: Insurance industry, Middle East, technology spend by line of business ($m), 2009–14 16
Table 8: Insurance industry, Middle East, technology spend by source ($m), 2006–08 18
Table 9: Insurance industry, Middle East, technology spend by source ($m), 2009–14 20
Table 10: Insurance industry, Middle East, technology spend by business function ($m), 2006–08 22
Table 11: Insurance industry, Middle East, technology spend by business function ($m), 2009–14 24
Table 12: Insurance industry, Middle East, technology spending by location ($m), 2006–08 26
Table 13: Insurance industry, Middle East, technology spending by location ($m), 2009–14 28
Table 14: Life insurance, Middle East, technology spend by source ($m), 2006–08 30
Table 15: Life insurance, Middle East, technology spend by source ($m), 2009–14 32
Table 16: Life insurance, Middle East, technology spending by business function ($m), 2006–08 34
Table 17: Life insurance, Middle East, technology spending by business function ($m), 2009–14 36
Table 18: Life insurance, Middle East, technology spending by location ($m), 2006–08 38
Table 19: Life insurance, Middle East, technology spending by location ($m), 2009–14 40
Table 20: Non-life insurance, Middle East, technology spend by source ($m), 2006–08 42
Table 21: Non-life insurance, Middle East, technology spend by source ($m), 2009–14 44
Table 22: Non-life insurance, Middle East, technology spending by business function ($m), 2006–08 46
Table 23: Non-life insurance, Middle East, technology spending by business function ($m), 2009–14 48
Table 24: Non-life insurance, Middle East, technology spending by location ($m), 2006–08 50
Table 25: Non-life insurance, Middle East, technology spending by location ($m), 2009–14 52


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