ENABLING SMART PROCUREMENT

  • Published in: Jan 2017
  • Pages: 73
  • SKU: IRCMSTR11051

Global Insurance Services Category - Procurement Market Intelligence Report

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SpendEdge’s procurement research report on the insurance services market is an all-inclusive guide enabling procurement professionals to make strategic purchasing decisions. This report provides a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix.

Key Features of Report

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Insurance Services - Category Spend Analysis

According to SpendEdge analysts, one of the key growth contributors for the global insurance services market is the increasing adoption of UBI by auto-insurers. UBI facilitates segmentation of customer profiles, thereby enabling better claims management that decreases TATs for settling claims.

 

Insurance Services - Procurement Best Practices

Buyers are adopting reverse auctions to evaluate and select service providers and to reduce the prices of service offerings. They can approach suppliers for insurance rate quotes to compare and negotiate with them, as they tend to lower prices in the reverse bidding stage to retain a competitive edge.

 

Insurance Services - Procurement Challenges

Based on the analysis in this report, a major procurement pain point experienced by the buyers insurance policies procured may not offer complete coverage to all the risks. SpendEdge’s procurement specialists predict that the buyers must select policies based on indispensable coverage or risks that buyers are most likely to face.

 

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

 

Are you an Enterprise User? Try our annual subscription services offering unlimited access to SpendEdge reports. Click here to register for trial/demo.  

Read less

Key Features of Report

Supply Market Insights
Procurement Best Practices
Cost Saving Opportunities
Pricing Models
Negotiation Strategies
Category Risk Analysis
Key Supplier Analysis
Supplier Capability Matrix

 

Insurance Services - Category Spend Analysis

According to SpendEdge analysts, one of the key growth contributors for the global insurance services market is the increasing adoption of UBI by auto-insurers. UBI facilitates segmentation of customer profiles, thereby enabling better claims management that decreases TATs for settling claims.

 

Insurance Services - Procurement Best Practices

Buyers are adopting reverse auctions to evaluate and select service providers and to reduce the prices of service offerings. They can approach suppliers for insurance rate quotes to compare and negotiate with them, as they tend to lower prices in the reverse bidding stage to retain a competitive edge.

 

Insurance Services - Procurement Challenges

Based on the analysis in this report, a major procurement pain point experienced by the buyers insurance policies procured may not offer complete coverage to all the risks. SpendEdge’s procurement specialists predict that the buyers must select policies based on indispensable coverage or risks that buyers are most likely to face.

 

SpendEdge also offers customization of this report to meet your exact requirements. Please contact us at enquiry@spendedge.com

 

Are you an Enterprise User? Try our annual subscription services offering unlimited access to SpendEdge reports. Click here to register for trial/demo.  

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Key Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • SWOT Analysis
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Model Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

•     Allianz Group

•     AXA Group

•     MetLife

•     Munich Re

•     Zurich Insurance Group

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us
Read less

PART 1: SUMMARY

  • Research Objectives and Methodology
  • Category Definition

PART 2: CATEGORY AT A GLANCE

  • Market Overview
  • Category Maturity by Regions
  • Preferred Procurement Models and Major Service Providers
  • Cost-saving Opportunities
  • Major Category Requirements
  • Major Procurement Pain Points

PART 3: MARKET INSIGHTS

  • Category Spend Analysis
  • Demand-Supply Shifts
  • Regional Demand-Supply Snapshot
  • Key Market Developments
  • Regional Impact of Trends
  • Key Category Growth Drivers and Corresponding Regional Impacts
  • Major Category Growth Constraints and Corresponding Regional Impacts
  • Procurement Best Practices
  • History of Innovation
  • Key Current Technological Innovations
  • Major Regulatory Frameworks
  • Strategic Sustainability Practices
  • Porter’s Five Forces
  • SWOT Analysis
  • PESTLE Analysis

PART 4: SUPPLY MARKET INSIGHTS

  • Supplier Operational Capability Matrix
  • Regional Supplier Operational Capability Matrix
  • Supplier Functional Capability Matrix
  • Regional Supplier Functional Capability Matrix
  • Key Clients
  • Supplier Cost Breakup
  • Supplier Positioning Matrix
  • Supplier Selection Criteria

PART 5: PRICING INSIGHTS

  • Pricing Models Snapshot
  • Pricing Model Pros and Cons
  • Indicative Pricing
  • Category Negotiation Strategies

PART 6: CATEGORY ESSENTIALS

  • SLA Terms
  • Supplier Evaluation Criteria
  • Category Risk Analysis
  • Category Sourcing Evolution Matrix

PART 7: TOP FIVE SUPPLIERS

•     Allianz Group

•     AXA Group

•     MetLife

•     Munich Re

•     Zurich Insurance Group

PART 8: APPENDIX

  • Glossary
  • Key Notes
  • About Us

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