Asia/Pacific Insurance Survey — Strategies, Trends, and Investment Priorities
This IDC Financial Insights study draws upon results from the Executive Research Survey conducted onsite at our 5th Asian Insurance Congress (AIC) in August 2012. It contains findings and correlated implications around the 57 respondents' strategic areas of focus, technology spending directions, emerging trends to note, and challenges specific to their roles and responsibilities.
"Issues centering round distribution strategies piqued the highest interest among insurance executives, with bancassurance, the agency network, and alternative outreach all hogging the limelight. Herein, there is a definite focus on mobile strategies and exploratory interest around social media frameworks," commented Li-May Chew, CFA, associate research director, Asia/Pacific Financial Advisory Service. "Despite weakened economic climates, insurers continue to make measured investments in technology, with a sizable 76.7% anticipating higher year-on-year spending in 2012."
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