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Top 10 Companies In Canada Insurance Industry: It Spending Predictor 2010

Top 10 Companies In Canada Insurance Industry: It Spending Predictor 2010

This databook provides estimates of IT spending for the top 10 companies in the Canadian 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

*The top 10 companies in the Canadian 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 Canadian 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 24% of the total estimated IT spending by these companies. Power Corporation of Canada remained the leading company in terms of IT spending, followed by Great-West Lifeco Inc. and Manulife Financial Corporation.

Reasons to Purchase

*Gain insight into IT budget breakdown of top10 companies in Canadian 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

Table of Contents :

OVERVIEW 1

Catalyst 1

Summary 1

TABLE OF CONTENTS 2

LIST OF FIGURES 5

LIST OF TABLES 7

INTRODUCTION 11

Reasons to purchase 11

Definitions 11

CANADIAN INSURANCE INDUSTRY: ESTIMATED SPENDING ON IT 14

Overview 14

Estimated spending by technology segment 16

Estimated IT spending by channel 18

POWER CORPORATION OF CANADA 20

Budget overview 20

Power Corporation of Canada, estimated spending on IT 21

Power Corporation of Canada, estimated IT spending by channel 25

GREAT-WEST LIFECO INC. 27

Budget overview 27

Great-West Lifeco Inc., estimated spending on IT 28

Great-West Lifeco Inc., estimated IT spending by channel 32

MANULIFE FINANCIAL CORPORATION 34

Budget overview 34

Manulife Financial Corporation, estimated spending on IT 35

Manulife Financial Corporation, estimated IT spending by channel 39

Manulife Financial Corporation, IT contracts 41

POWER FINANCIAL CORPORATION 45

Budget overview 45

Power Financial Corporation, estimated spending on IT 46

Power Financial Corporation, estimated IT spending by channel 50

THE GREAT-WEST LIFE ASSURANCE COMPANY 52

Budget overview 52

The Great-West Life Assurance Company, estimated spending on IT 53

The Great-West Life Assurance Company, estimated IT spending by channel 57

Great-West Life Assurance Company, IT contracts 59

CANADA LIFE FINANCIAL 61

Budget overview 61

Canada Life Financial, estimated spending on IT 62

Canada Life Financial, estimated IT spending by channel 66

Canada Life Financial, IT contracts 68

THE MANUFACTURERS LIFE INSURANCE COMPANY 70

Budget overview 70

The Manufacturers Life Insurance Company, estimated spending on IT 71

The Manufacturers Life Insurance Company, estimated IT spending by channel 75

THE CANADA LIFE ASSURANCE COMPANY 77

Budget overview 77

The Canada Life Assurance Company, estimated spending on IT 78

The Canada Life Assurance Company, estimated IT spending by channel 82

SUN LIFE FINANCIAL INC. 84

Budget overview 84

Sun Life Financial Inc., estimated spending on IT 85

Sun Life Financial Inc., estimated IT spending by channel 89

Sun Life Financial Inc., IT contracts 91

ALBERTA TEACHERS' RETIREMENT FUND BOARD 95

Budget overview 95

Alberta Teachers' Retirement Fund Board, estimated spending on IT 96

Alberta Teachers' Retirement Fund Board, estimated IT spending by channel 100

APPENDIX 102

Methodology 102

Further reading 103

Disclaimer 104

For more information please visit :

http://www.aarkstore.com/reports/Top-10-Companies-in-Canada-Insurance-Industry-IT-Spending-Predictor-2010-61644.html

by: Aarkstore Enterprise
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