Introduction
This databook provides estimates of IT spending for the top 10 companies in the UK Insurance industry. The databook is a comprehensive source of IT spending by company, including assessment by technology and channel. The databook also provides information on the IT contracts of these companies where available.
Scope of the report
* Datamonitor's view of the top 10 companies in the UK Insurance sector in terms of IT spending
* A breakdown of the estimated IT budget by technology for each of the top 10 companies
* A breakdown of the estimated IT budget by channel for each of the top 10 companies
* Details of IT services contracts by company where available
Highlights
The top 10 companies in the UK insurance industry in terms of estimated IT spending spent the largest portion of their IT budgets on services, a segment that accounted for about 29% of the IT budgets among these firms. This was followed by spending on hardware and software.
Among the top 10 companies, a major portion of IT spending is allocated to internal IT. Internal IT alone accounted for approximately 23% of the total estimated IT spending by these companies. Aviva Plc remained the leading company in terms of IT spending, followed by Lloyd's of London and Skandia Group.
Reasons to Purchase
* Gain insight into IT budget breakdown of top10 companies in UK insurance industry and identify notable areas of allocation
* Identify organizations with top IT expenditures in your target markets
* Leverage IT spending pattern information to tailor account targeting based on company demographics
This databook provides estimates of IT spending for the top 10 companies in the UK Insurance industry. The databook is a comprehensive source of IT spending by company, including assessment by technology and channel. The databook also provides information on the IT contracts of these companies where available.
Scope of the report
* Datamonitor's view of the top 10 companies in the UK Insurance sector in terms of IT spending
* A breakdown of the estimated IT budget by technology for each of the top 10 companies
* A breakdown of the estimated IT budget by channel for each of the top 10 companies
* Details of IT services contracts by company where available
Highlights
The top 10 companies in the UK insurance industry in terms of estimated IT spending spent the largest portion of their IT budgets on services, a segment that accounted for about 29% of the IT budgets among these firms. This was followed by spending on hardware and software.
Among the top 10 companies, a major portion of IT spending is allocated to internal IT. Internal IT alone accounted for approximately 23% of the total estimated IT spending by these companies. Aviva Plc remained the leading company in terms of IT spending, followed by Lloyd's of London and Skandia Group.
Reasons to Purchase
* Gain insight into IT budget breakdown of top10 companies in UK insurance industry and identify notable areas of allocation
* Identify organizations with top IT expenditures in your target markets
* Leverage IT spending pattern information to tailor account targeting based on company demographics
Catalyst
Summary
TABLE OF CONTENTS
LIST OF FIGURES
LIST OF TABLES
INTRODUCTION
Reasons to purchase
Definitions
UK INSURANCE INDUSTRY: ESTIMATED SPENDING ON IT
Overview
Estimated spending by technology segment
Estimated IT spending by channel
AVIVA PLC
Budget overview
Aviva Plc, estimated spending on IT
Aviva Plc, estimated IT spending by channel
Aviva Plc, IT contracts
LLOYD'S OF LONDON
Budget overview
Lloyd's of London, estimated spending on IT
Lloyd's of London, estimated IT spending by channel
Lloyd's of London, IT contracts
SKANDIA GROUP
Budget overview
Skandia Group, estimated spending on IT
Skandia Group, estimated IT spending by channel
Skandia Group, IT contracts
BARCLAYS GLOBAL INVESTORS PENSIONS MANAGEMENT LIMITED
Budget overview
Barclays Global Investors Pensions Management Limited, estimated spending on IT
Barclays Global Investors Pensions Management Limited, estimated IT spending by channel
RBS INSURANCE
Budget overview
RBS Insurance, estimated spending on IT
RBS Insurance, estimated IT spending by channel
RSA INSURANCE GROUP PLC
Budget overview
RSA Insurance Group plc, estimated spending on IT
RSA Insurance Group plc, estimated IT spending by channel
RSA Insurance Group plc, IT contracts
RESOLUTION
Budget overview
Resolution, estimated spending on IT
Resolution, estimated IT spending by channel
Capita Group, IT contracts
LEGAL & GENERAL ASSURANCE SOCIETY LIMITED
Budget overview
Legal & General Assurance Society Limited, estimated spending on IT
Legal & General Assurance Society Limited, estimated IT spending by channel
CGNU LIFE ASSURANCE LTD
Budget overview
CGNU Life Assurance Ltd, estimated spending on IT
CGNU Life Assurance Ltd, estimated IT spending by channel
LEGAL & GENERAL PENSIONS LIMITED
Budget overview
Legal & General Pensions Limited, estimated spending on IT
Legal & General Pensions Limited, estimated IT spending by channel
APPENDIX
Methodology
Further reading
Disclaimer
LIST OF FIGURES
Figure 1: Top ten companies in the UK insurance industry, estimated spending on IT ($m), 2009
and 2010
Figure 2: Top ten companies in the UK insurance industry, estimated spending by technology
segment ($m), 2009
Figure 3: Top ten companies in the UK insurance industry, estimated spending on IT by channel
($m), 2009
Figure 4: Aviva Plc, estimated spending by IT segment ($m), 2009
Figure 5: Aviva Plc, estimated spending by IT sub-segment ($m), 2009
Figure 6: Aviva Plc, estimated spending on IT by channel (%), 2009
Figure 7: Lloyd's of London, estimated spending by IT segment (%), 2009
Figure 8: Lloyd's of London, estimated spending by IT sub-segment ($m), 2009
Figure 9: Lloyd's of London, estimated spending on IT by channel (%), 2009
Figure 10: Skandia Group, estimated spending by IT segment (%), 2009
Figure 11: Skandia Group, estimated spending by IT sub-segment ($m), 2009
Figure 12: Skandia Group, estimated spending on IT by channel (%), 2009
Figure 13: Barclays Global Investors Pensions Management Limited, estimated spending by IT
segment (%), 2009
Figure 14: Barclays Global Investors Pensions Management Limited, estimated spending by IT
sub-segment ($m), 2009
Figure 15: Barclays Global Investors Pensions Management Limited, estimated spending on IT by
channel (%), 2009
Figure 16: RBS Insurance, estimated spending by IT segment, 2009
Figure 17: RBS Insurance, estimated spending by IT sub-segment ($m), 2009
Figure 18: RBS Insurance, estimated spending on IT by channel (%), 2009
Figure 19: RSA Insurance Group plc, estimated spending by IT segment (%), 2009
Figure 20: RSA Insurance Group plc, estimated spending by IT sub-segment ($m), 2009
Figure 21: RSA Insurance Group plc, estimated spending on IT by channel (%), 2009
Figure 22: Resolution, estimated spending by IT segment (%), 2009
Figure 23: Resolution, estimated spending by IT sub-segment ($m), 2009
Figure 24: Resolution, estimated spending on IT by channel (%), 2009
Figure 25: Legal & General Assurance Society Limited, estimated spending by IT segment (%), 2009
Figure 26: Legal & General Assurance Society Limited, estimated spending by IT sub-segment
($m), 2009
Figure 27: Legal & General Assurance Society Limited, estimated spending on IT by channel (%), 2009
Figure 28: CGNU Life Assurance Ltd, estimated spending by IT segment (%), 2009
Figure 29: CGNU Life Assurance Ltd, estimated spending by IT sub-segment ($m), 2009
Figure 30: CGNU Life Assurance Ltd, estimated spending on IT by channel (%), 2009
Figure 31: Legal & General Pensions Limited, estimated spending by IT segment, 2009
Figure 32: Legal & General Pensions Limited, estimated spending by IT sub-segment ($m), 2009
Figure 33: Legal & General Pensions Limited, estimated spending on IT by channel (%), 2009
LIST OF TABLES
Table 1: Definitions: IT segments and sub segments
Table 2: Definitions: channels
Table 3: Top ten companies in the UK insurance industry, estimated spending on IT ($m), 2009 and
2010
Table 4: Top ten companies in the UK insurance industry, estimated spending by technology
segment ($m), 2009
Table 5: Top ten companies in the UK insurance industry, estimated spending on IT by channel
($m), 2009
Table 6: Aviva Plc, IT budget estimates (%), 2009–10
Table 7: Aviva Plc, IT budget by estimated entity (as % of overall IT budget), 2009
Table 8: Aviva Plc, estimated spending by IT segment ($m), 2009
Table 9: Aviva Plc, estimated spending by IT sub-segment ($m), 2009
Table 10: Aviva Plc, estimated spending on IT by channel ($m), 2009
Table 11: IT contract: Aviva Plc. – Accenture Ltd
Table 12: IT contract: Aviva Plc. – Hewlett-Packard Co
Table 13: IT contract: Aviva Plc. – ExlService
Table 14: IT contract: Aviva Plc. – Ordina
Table 15: IT contract: Aviva Plc. – CGI Group Inc
Table 16: Lloyd's of London, IT budget estimates (%), 2009–10
Table 17: Lloyd's of London, estimated IT budget by entity (as % of overall IT budget), 2009
Table 18: Lloyd's of London, estimated spending by IT segment ($m), 2009
Table 19: Lloyd's of London, estimated spending by IT sub-segment ($m), 2009
Table 20: Lloyd's of London, estimated spending on IT by channel ($m), 2009
Table 21: IT contract: Lloyd's of London – IBM Corp
Table 22: IT contract: Lloyd's of London – Steria
Table 23: IT contract: Lloyd's of London – Unisys
Table 24: IT contract: Lloyd's of London – Xchanging Ltd
Table 25: Skandia Group, IT budget estimates (%), 2009–10
Table 26: Skandia Group, estimated IT budget by entity (as % of overall IT budget), 2009
Table 27: Skandia Group, estimated spending by IT segment ($m), 2009
Table 28: Skandia Group, estimated spending by IT sub-segment ($m), 2009
Table 29: Skandia Group, estimated spending on IT by channel ($m), 2009
Table 30: IT contract: Skandia Group – Logica Plc
Table 31: IT contract: Skandia Group – Volvo IT
Table 32: IT contract: Skandia Group – IBM Corp
Table 33: Barclays Global Investors Pensions Management Limited, IT budget estimates (%),
2009–10
Table 34: Barclays Global Investors Pensions Management Limited, estimated IT budget by entity
(as % of overall IT budget), 2009
Table 35: Barclays Global Investors Pensions Management Limited, estimated spending by IT
segment ($m), 2009
Table 36: Barclays Global Investors Pensions Management Limited, estimated spending by IT
sub-segment ($m), 2009
Table 37: Barclays Global Investors Pensions Management Limited, estimated spending on IT by
channel ($m), 2009
Table 38: RBS Insurance, IT budget estimates (%), 2009–10
Table 39: RBS Insurance, estimated IT budget by entity (as % of overall IT budget), 2009
Table 40: RBS Insurance, estimated spending by IT segment ($m), 2009
Table 41: RBS Insurance, estimated spending by IT sub-segment ($m), 2009
Table 42: RBS Insurance, estimated spending on IT by channel ($m), 2009
Table 43: RSA Insurance Group plc, IT budget estimates (%), 2009–10
Table 44: RSA Insurance Group plc, estimated IT budget by entity (as % of overall IT budget),
2009
Table 45: RSA Insurance Group plc, estimated spending by IT segment ($m), 2009
Table 46: RSA Insurance Group plc, estimated spending by IT sub-segment ($m), 2009
Table 47: RSA Insurance Group plc, estimated spending on IT by channel ($m), 2009
Table 48: IT contract: RSA Insurance Group plc – T-Systems
Table 49: IT contract: RSA Insurance Group plc – The Innovation Group
Table 50: Resolution, IT budget estimates (%), 2009–10
Table 51: Resolution, estimated IT budget by entity (as % of overall IT budget), 2009
Table 52: Resolution, estimated spending by IT segment ($m), 2009
Table 53: Resolution, estimated spending by IT sub-segment ($m), 2009
Table 54: Resolution, estimated spending on IT by channel ($m), 2009
Table 55: IT contract: Capita Group – Capita Group
Table 56: IT contract: Capita Group – Unisys
Table 57: Legal & General Assurance Society Limited, IT budget estimates (%), 2009–10
Table 58: Legal & General Assurance Society Limited, estimated IT budget by entity (as % of
overall IT budget), 2009
Table 59: Legal & General Assurance Society Limited, estimated spending by IT segment ($m),
2009
Table 60: Legal & General Assurance Society Limited, estimated spending by IT sub-segment
($m), 2009
Table 61: Legal & General Assurance Society Limited, estimated spending on IT by channel ($m),
2009
Table 62: CGNU Life Assurance Ltd, IT budget estimates (%), 2009–10
Table 63: CGNU Life Assurance Ltd, estimated IT budget by entity (as % of overall IT budget),
2009
Table 64: CGNU Life Assurance Ltd, estimated spending by IT segment ($m), 2009
Table 65: CGNU Life Assurance Ltd, estimated spending by IT sub-segment ($m), 2009
Table 66: CGNU Life Assurance Ltd, estimated spending on IT by channel ($m), 2009
Table 67: Legal & General Pensions Limited, IT budget estimates (%), 2009–10
Table 68: Legal & General Pensions Limited, estimated IT budget by entity (as % of overall IT
budget), 2009
Table 69: Legal & General Pensions Limited, estimated spending by IT segment ($m), 2009
Table 70: Legal & General Pensions Limited, estimated spending by IT sub-segment ($m), 2009
Table 71: Legal & General Pensions Limited, estimated spending on IT by channel ($m), 2009 116
