At the beginning of this week, I had a chance to visit the SAP Financial Services Summit in Den Haag that was dedicated to SAP’s partners in banking and insurance. I got a good insight into SAP’s recent accomplishments in the banking and insurance industry, which I’d like to share with you here. Recent achievements in FSI During 2012, SAP [...]

Insurance companies want to have customers for life, preferably healthy paying customers who buy across their product portfolio.  In recent years the insurance business has become more competitive, offering products that are increasingly sophisticated, complex, and individualized to each customers unique risk profile. Thus it is no surprise that the promise of digital marketing and social networks to individualize the [...]

If ever there was a sector ripe for major standardization of the applications landscape, then general insurance is that market. A stroll around the shop floor at some of the sector’s largest players will reveal the ongoing use of green-screen systems and a reliance on in-house developed systems that continue to support mission-critical functions such as policy and claims administration. [...]

Dans le marché moribond des logiciels et services IT en France, les Mutuelles font figure d’exception tant les besoins de ce secteur sont élevés en modernisation et en rationalisation. D’un point de vue général, le secteur de l’Assurance a souffert en 2012 du ralentissement économique et des incertitudes régnant sur les marchés financiers, débouchant en général sur le report des [...]

The insurance sector in India is growing rapidly thanks to the entry of private sector companies increasing competion. This in turn has forced companies to spend more on IT to chase competitive advantage. With ongoing growth in customer numbers and daily transactions, India’s insurance industry is seeing an impressive growth rate and is expected to keep this up in the [...]

PAC recently had an update from Logica on its Solvency II offering. This is one of the many solutions offered by the company for the financial services sector, where risk management and regulation has been driving significant activity. Logica has seen an increase in Solvency II project engagements, which is in part due to Logica’s recent investments in building its [...]

Biswajit Banerjee’s main responsibilities include market analysis and strategic consulting for the software and IT services industry in APAC with main focus on India. As a senior analyst he is responsible for hardware maintenance, system infrastructure software and project services product segments. His main focus verticals in this region include Manufacturing, Transport, Telecom, Banking and Insurance industry.

Eike Bieber is part of the financial services team and also produces the market report for Switzerland including company profiles. In addition, she coordinates PAC’s relations to IT users, especially within the framework of the ICT Research Board by PAC and Berlecon.

Nicolas Beyer is a contributor to analyses and reports in Information Management such as the BI/Data Management Horizontal study. He specializes in the Banking and Insurance industries as well as in the Public Sector.

Rajeev Suman’s main responsibilities include analyzing the APAC markets for software and IT services market and strategic consulting for the software and IT services industry in APAC with specific focus on India. His focus areas include the public sector, utilities, retail, and services industries in India. His focus segments are outsourcing, application software products, and tools.