London, United Kingdom
22 February 2007 European Insurance CIO Pressures,
Priorities, Projects, and Plans in 2007: Survey Results
Report Published by Celent
Celent’s inaugural survey
of European insurance IT executives uncovers a widespread focus on meeting
market demands.
In a new report from Celent, European
Insurance CIO Pressures, Priorities, Projects and Plans in 2007: Survey
Results, Celent provides a deep information resource about behaviors,
initiatives, challenges, and priorities for 2007 at European insurers.
"There is a real focus on meeting
market demands," says Catherine
Stagg-Macey, senior analyst and author of the report, "and this
business driver is reflected in the IT indicatives around broker portals
and other e-business projects." Ms Stagg-Macey goes on to say that
the survey highlighted significant IT spending in policy administration. 
Some
of the other key findings highlighted in the report are as follows:
Although reliance on mainframes across the infrastructure is diminishing,
core applications continue to run on mainframes for 75% percent of
participants.
The J2EE and .NET debate continues with preference being split along size
of insurer. Web services and SOA are
reality. Use of Web services/SOA in live, mission-critical systems and
ancillary systems occurs mostly in the larger insurers with 60% reporting
usage in mission critical systems. The
44-page report covers a broad range of areas, including detailed budget
breakdowns, staffing plans and ratios, and an analysis of insurer activity
in over 70 specific technology initiatives ranging from direct online
sales to core systems to specific deployments of business process
management and document management systems. The report contains 27 figures
analyzing survey responses. A table
of contents for the report is available online.
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