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Introduction

Based on interviews with around 6,275 senior IT executives, Ovum’s ICT Enterprise Insights program answers key questions concerning enterprises’ needs at a country and industry level. This brief focuses on the top findings for the non-life insurance industry.

Highlights

  • Ovum's ICT Enterprise Insights survey demonstrates how P&C insurers will accelerate the growth of IT budgets in 2016, with this expansion being led by the smaller insurers in Latin America.
  • Our survey shows that digital customer channels continue to be key investment areas, but systems to combat fraud are also rapidly emerging as a key priority.

Features and Benefits

  • Identifies the IT needs of the global property and casualty (P&C) insurance sector.
  • Analyzes top findings from Ovum's ICT Enterprise Insights program for the global property and casualty (P&C) insurance sector.

Key questions answered

  • What are the top priorities for IT decision-makers in the non-life insurance industry over the next 18 months?
  • What are the spending plans of non-life insurance enterprises?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Recommendations

  • Recommendations for P&C insurers
  • Recommendations for vendors

P&C Insurers accelerate IT budget growth

  • Latin American P&C insurers will show strong IT budget growth in 2016
  • Tackling fraud will be a key focus for P&C insurers in 2016
  • The P&C sector is responding to market demand by offering IoT-based products

Ovum's ICT Enterprise Insights Program

  • IT and communications insight by line of business

Appendix

  • Methodology
  • Author

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