Tug of War: The Competing Forces That Drive Insurance Technology Strategy: Report Published by Celent

When evaluating solutions, enterprise architects have to balance a wide variety of requirements. This report presents a new way of thinking about conflicting requirements that frequently appear when assessing technology solutions.

London, United Kingdom – April 23, 2010 – In a new report, Tug of War: The Competing Forces That Drive Insurance Technology Strategy, Celent presents a model designed to aid in evaluating technology solutions. The model challenges insurers to understand their organisations and their key drivers.

�Methods for evaluating information technology solutions often give the impression that the various criteria and requirements are independent when this isn�t the case,� says Craig Beattie, analyst with Celent�s Insurance Group and author of the report.

This report presents a model based on five common requirements or criteria that are used to evaluate IT strategy and solutions. The criteria have been deliberately defined in the model to reduce overlap and to emphasize the tension between them. The model provides a useful discussion point in prioritising an insurer�s activities and seeking consistency in an insurer�s IT strategy.

This 26-page report contains eight figures and four tables.
A table of contents for this report is available online.

About Celent

Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally experienced analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is part of Marsh & McLennan Companies [NYSE: MMC]. www.celent.com