Blueprint Snapshot: Digital Tech Strategy Services, Insurance

WHAT THIS BLUEPRINT REPORT COVERS

In 2017, HfS Published the landmark digital technology strategy and consultancy blueprint report. We formed this report using a wealth of data from qualitative client references, detailed vendor briefings and RFIs, and hundreds of data points collected from Global 2000 enterprise buyers. This has allowed us to paint a picture of the role digital technology and strategy and consultancy services in industry verticals in unrivalled detail. This process includes the development of industry-specific grids and analysis to support enterprise buyers in finding not only the best digital services providers but also those that are the most experienced and innovative in their industry vertical.

In this industry snapshot report, we examine the insurance industry – assessing the key players operating in their space for their capacity to innovate and deliver digital consultancy services in the industry vertical.

WHAT YOU’LL KNOW AFTER READING

• Analysis of the innovation and execution capabilities of key digital technology strategy and consulting service providers operating in the sector
• Analysis of each provider’s offerings and movements in the industry
• Market information for digital consulting services in the sector
• Recommendations for both enterprise buyers and service providers operating in the industry

KEY MARKET DYNAMICS

• Overall consulting and IT professional services are showing reasonable signs of growth as enterprises shift the scope of engagements from traditional IT services to digital.
• The increasingly competitive insurance market is leading some enterprises to spend their way out of challenges, building broader engagements with providers to help them realise their digital ambitions.
• Increased competition is leading to cost saving initiatives within core processes as insurance firms look to streamline operations expenditure through the use of automation and smarter process design that enables straight-through processing.
• For providers this vertical remains sizeable but contained by static growth and provides a rich market for digital technologies and the professional services needed to demystify industry challenges.

WHO SHOULD READ THIS REPORT

Executive leaders and business unit leaders, technology leaders, advisors and outsourcing managers in the insurance sector.

SERVICE PROVIDERS WE DISCUSS