R&M Issues Irish Insurance Report

March 24, 2006

Research and Markets has announced the addition of Irish IT Trends – Insurance Industry to their offering. The bulletin notes: “The insurance sector in Ireland is one sector heavily dependent on IT infrastructure due to its security and risk management implications. It is also a highly competitive sector and therefore the onus is on participants to keep costs down.

“It is this school of thought which drives IT strategy in insurance today. Insurance providers must discover new cost effective channels while maintaining their service driven approach through effective targeting enabled by strong CRM database administration.

“The advent of Basel II and the need for additional information will drive them to become more structured, formal and transparent about how they gather, maintain and mine highly granular information throughout the enterprise. As a result, insurance companies will have to become more deliberate in the design of their IT infrastructures and more proactive to ensure they govern themselves for risk management.”

R&M said its “report provides an insight into the Irish Insurance Industry with particular emphasis on key technology trends in the sector. Initially we give a background to the insurance sector in an Irish context and provide supporting business and technology data to ensure a timely insight into the shape of the Irish insurance industry space.

“The main body of the piece investigates a number of key business insurance issues and the technology implications for each of these. In order to produce this report data was drawn from a number of diverse sources. The research techniques used to gather this data can be divided into two classifications – report and document analysis and interviews.”

For more information visit http://www.researchandmarkets.com/reports/c20610, or
Contact Research and Markets – Laura Wood: press@researchandmarkets.com
Fax: +353 1 4100 980

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