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China Insurance Industry IT Solutions 2008-2012 Forecast and Analysis

Product Type: Market Research Report
Published by: IDC
Published: May 2008
Product Code: R104-33935
Description

This IDC study analyzes in detail China's insurance solution market and its competition landscape in 2007. It also presents the dynamics and forecasts for the insurance IT application solutions segments. Specifically, this study provides China's top insurance IT solution providers' competition status in 2007 and forecasts of the insurance IT application solution market over the next five years. Meanwhile, a review of IT spending by solution and geographic region as well as a future outlook of the major insurance solution markets is also provided.

"The total market amount of IT solution of the insurance industry in 2007 was RMB 8.087 million, accounting for 57.2% of the total market amount of insurance all-around software and IT service. Core business system is still the main part of investments in the next five years, while bank insurance system, customer relation management (CRM), call center system, and decision support system, with compound annual growth rates (CAGRs) of 29.8%, 28.8%, 28.4% and 26.9%, respectively, will be IT application and investment hotspots of China's insurance industry within the next five years," says Serena Shang, senior research analyst, Cross Products and Vertical Industry, IDC China.

Table of Contents
Table of Contents

IDC Opinion

In This Study

Methodology

Executive Summary

Situation Overview

Insurance Development Overview

Industrial Macropolitical Changes

Insurance Capital Utilization

Standardization and Informatization

Regulation of Insurance Companies

Regulation of Insurance Agencies

Industrial Scale and Structural Changes

Table: Insurance Intermediaries in China, 2003-2007

Statistics of Insurers and Staff

Competition Among Insurers of Different Scales

Small and Medium-Sized Companies' Influence on Insurance

Subsector Breakdown and Complexity Analysis

Insurance Industry Chain Analysis

Review of Insurance Industry in 2007

Industrial Revenue and Profit Analysis

Premium Revenue and Profit Growth

Premium Revenue Structure

Table: Premium Revenues of Major Property Insurers, 2007 (RMB 100M)

Table: Premium Revenues and Ranking of Major Domestic Property Insurers, 2006 and 2007

Table: Premium Revenues and Ranking of Major Foreign Property Insurers, 2006 and 2007

Table: Premium Revenues of Major Life Insurers, 2007 (RMB 100M)

Table: Premium Revenues and Ranking of Major Domestic Life Insurers, 2006 and 2007

Table: Premium Revenues and Ranking of Major Foreign Life Insurers, 2006 and 2007

Claim and Payment Structure

Investment Operation

Table: Main Industry Operation Indicators, 2005-2007 (RMB 100M)

Listing, Mergers and Acquisitions, and Reconstruction

Listings

Mixed Operations

Acquisitions

Changes in Equity

Current Industrial Opportunities and Challenges

Opportunities of Macroeconomic and Social Development

Hotspots Continuation of 2007

Current Industrial Challenges

Market Competition Analysis

Current Situation of Insurance IT Market and Application Solutions

IT Market Scale

Figure: China Insurance IT Investment by Life and Property, 2007

Figure: China Insurance IT Investment by Product Share, 2007

IT Application Maturity

IT Investment Growth

Table: Overall Insurance IT Investment by Life and Property, 2005-2007 (RMB M)

Figure: Overall Insurance IT Investment Comparison, 2005?2007

Table: Overall Insurance IT Investment by Product, 2005-2007 (RMB B)

IT Solution Market Situation

Figure: IDC Insurance IT Solution Taxonomy, 2007

2007 Solution Market Overview

Market Scale

Figure: Insurance Solution Market by Software & Service, 2007

Geographical Distribution

Figure: Insurance IT Solution Market by Geography, 2007

2007 Overview of Specific Solution Submarkets

Figure: Specific Insurance Solutions Market Size by Solution, 2007

Analysis of Major Solution Market Segments in 2007

Life Insurance Core Business Solutions

Figure: Life Insurance Core Business Solution Market by Software & Service, 2007

Figure: Life Insurance Core Business Solution Market by Geography, 2007

Property Insurance Core Business Solutions

Figure: Property Insurance Core Business Solution Market by Software & Service, 2007

Figure: Property Insurance Core Business Solution Market by Geography, 2007

Channel and Document Management Solutions

Figure: Channel-Related Solution Market by Software & Service, 2007

Figure: Channel-Related Solution Market by Region, 2007

Management Solutions Submarkets

Figure: Management-Related Solution Market by Software & Service, 2007

Figure: Management-Related Solution Market by Geography, 2007

Insurance IT Solution Vendors Analysis

Market Concentration of Insurance Solution

Market Competition Overview

Market Share Overview

Insurance Solution Vendors' Market Status

Market Competition Overview

IDC Market Scope Model Analysis

Market Share Overview

Rating of the Overall Market of Insurance IT Solution

Table: Insurance IT Solution Market: Vendor Revenue & Market Share, 2005-2007

Rating of Major Solution Market Segments

Table: Life Insurance Core Business Solution Market: Vendor Revenue & Market Share, 2007

Table: Property Insurance Core Business Solution Market: Vendor Revenue & Market Share, 2007

Table: Channel-Related Solution Market: Vendor Revenue & Market Share, 2007

Table: Management-Related Solution Market: Vendor Revenue & Market Share, 2007

Customer IT Requirements

Top 10 Vendors' Profiles

Sinosoft

Overview

Solutions

Successful Cases

Major Strategic Cooperation at Present

Vendor's Opportunities and Challenges

Ebao

Overview

Solutions

Successful Cases

Major Strategic Cooperation at Present

Vendor's Opportunities and Challenges

CSC

Overview

Solutions

Successful Cases

Major Strategic Cooperation at Present

Vendor's Opportunities and Challenges

iSoftStone-AI

Overview

Solutions

Successful Cases

Major Strategic Cooperation at Present

Vendor's Opportunities and Challenges

Longtop/FEnet

Overview

Solutions

Major Strategic Cooperation at Present

Vendor's Opportunities and Challenges

Sunyard

Overview

Solutions

Successful Cases

Major Strategic Cooperation at Present

Vendor's Opportunities and Challenges

Future Outlook

Forecast and Assumptions

Table: Key Forecast Assumptions for the China Collaborative Applications Market, 2008-2012

Insurance Industry Trends

Demand for Insurance

Market's Participant Structure

Product Innovation

Bank Insurance Cooperation

Compliance Management

IT Applications and User Requirements Development Trend

Overall Insurance IT Market Development Trend

Figure: Insurance IT Market Size and Forecast, 2005?2012

Table: Insurance IT Solutions Market Size and Forecast, 2005-2012 (RMB M)

Table: Insurance IT Market Growth, 2005-2012 (%)

Table: Insurance IT Market Forecast by Product Share, 2005-2012 (%)

IT Solutions Development Trend

Overall Market Development Trend of Insurance IT Solutions

Figure: Insurance IT Solution Market Size and Forecast, 2005?2012

Table: Insurance IT Solution Market Size and Forecast by Software & Service, 2007-2012 (RMB M)

Table: Insurance IT Solution Market Growth by Software & Service, 2007-2012 (%)

Table: Insurance IT Solution Market Forecast by Share of Software & Service, 2007-2012 (%)

Table: Insurance IT Solution Market Size by Geography, 2007-2012 (RMB M)

Table: Insurance IT Solution Market Growth by Geography, 2007-2012 (%)

Table: Insurance IT Solution Market Share Forecast by Geography, 2007-2012 (%)

Specific Application Solution Development Market Trend

Table: Insurance Solution Market Size and Forecast by Solution, 2007-2012 (RMB M)

Table: Insurance Solution Market Growth by Solution, 2007-2012 (%)

Table: Insurance Solution Market Share Forecast by Solution, 2007-2012 (%)

Development Trend of Comprehensive Business Solutions

Figure: Marketing Management Solution Market and Forecast, 2005?2012

Figure: eBusiness Solution Market and Forecast, 2005?2012

Figure: Call Center Solution Market and Forecast, 2005?2012

Figure: Bank Insurance System Solution Market and Forecast, 2005?2012

Figure: Image Management Solution Market and Forecast, 2005?2012

Figure: Life Insurance Core Business Solution Market and Forecast, 2005?2012

Figure: Property Insurance Core Business Solution Market and Forecast, 2005?2012

Figure: Financial Accounting & Management Solution Market and Forecast, 2005?2012

Management-Related Solutions Market Development Trend

Figure: Customer Relations Management Market and Forecast, 2005?2012

Figure: Enterprise Resource Management Market and Forecast, 2005?2012

Figure: Risk/Compliance Management Solution Market and Forecast, 2005?2012

Figure: Decision Support Solution Market and Forecast, 2005?2012

Market Competition State Development Trend

Market Context

Table: Insurance IT Solutions Market Forecast, 2005-2012: 2007 Versus 2008 Forecasts

Figure: Insurance IT Solutions Market Forecast, 2005?2012: 2007 Versus 2008 Forecasts

Essential Guidance

Advice for IT Product Vendors

Advice for IT Solution Vendors

Advice for Industry End Users

Table: IDC Recommendations for Insurance Institutions and Solution Providers

Learn More

Related Research

Appendix

2007 Insurance Industry Memoranda

2007 Related Laws and Regulations

Table: Insurance-Related Laws and Regulations in China, 2007

Research Definitions

Industry Definitions

Business Insurers

Insurance Intermediary Companies

Definitions of Solutions

Definitions of Insurance IT Solutions

Figure: IDC Insurance IT Solution Taxonomy

Definition of Regional Markets

Table: China Regional Market Definitions

Synopsis

Ordering and More Information
Price and Delivery Options



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