Insurance in France 2014: Business and IT Priorities
In a difficult market, French insurers have different views on projects they want to prioritize for the next three to five years.
In the report Insurance in France 2014: Business and IT Priorities, examines business priorities, IT initiatives and spending, and other IT-related topics in the French insurance industry. The report particularly looks at French insurers’ initiatives in four domains including digital transformation, system transformation, outsourcing, and innovation.
“Digital transformation is a major project driver nowadays. Many French insurers will continue prioritizing this topic since only a low number of insurers have achieved a high level of digitization,” says Nicolas Michellod, Senior Analyst with Celent’s Insurance Group and author of the report. “Data-related technologies will gain importance among French insurance companies in the near future.”
This report looks at IT investment plans and priorities for French insurers in 2014. Selected topics such as the recent evolution of the French insurance market, business focus, IT projects, budgets, and spending estimates are described in the context of digital and system transformation, outsourcing, and innovation as well as analytics.
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].
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Table of Contents
The State of the French Insurance Market
Business Themes for 2014
IT Budgets and Initiatives
IT and Business Outsourcing
Reality-Checking Our Predictions
Leveraging Celent’s Expertise
Support for Financial Institutions
Support for Vendors
Related Celent Research