Top ICT spenders in the Indian Insurance Industry - Estimated ICT budget breakdowns in 2013

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1 Brochure More information from Top ICT spenders in the Indian Insurance Industry - Estimated ICT budget breakdowns in 2013 Description: Synopsis This report illustrates how Kable expects the top ICT spenders in India Insurance industry to allocate their ICT budgets across the core areas of enterprise ICT spend, namely hardware, software, IT services, communications and consulting. Summary Why was the report written? This report presents the output from ICT'S spend prediction statistical model, a log-linear regression model that provides ICT spending predictions based on a company's demographic profile. The statistical model has been developed using an extensive collection of survey and interview data Kable has conducted with ICT decision makers on their ICT spending, as well as the insight of our analyst team. What makes this report unique and essential to read? The predictions were formulated in November 2012 following a large survey of ICT decision makers. Estimated trends in ICT spending have been identified through to the end of 2013 following feedback from respondents on their forthcoming investment plans. Scope Identify the top ICT spenders in India Insurance industry. Gain a view as to how each top spender in India Insurance industry allocates its ICT by IT function. Get a detailed breakdown of estimated budget allocation of top spenders in India Insurance industry within each of the core areas of ICT spend (hardware, software, IT Services, telecommunications and consulting). Contents: 1 Top-level ICT budget breakdowns 1.1 Introduction 2 Top ICT spenders 3 Life Insurance Corporation of India (LIC) 3.1 Estimated ICT budget breakdown by function 3.2 Estimated external ICT budget allocation by core technology area 3.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 4 Export Credit Guarantee Corporation of India Limited 4.1 Estimated ICT budget breakdown by function 4.2 Estimated external ICT budget allocation by core technology area 4.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 5 State Bank of India 5.1 Estimated ICT budget breakdown by function 5.2 Estimated external ICT budget allocation by core technology area 5.3 Detailed ICT budget allocations Estimated hardware budget breakdown

2 5.3.2 Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 6 ICICI Prudential 6.1 Estimated ICT budget breakdown by function 6.2 Estimated external ICT budget allocation by core technology area 6.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 7 HDFC Standard Life Insurance Company Limited 7.1 Estimated ICT budget breakdown by function 7.2 Estimated external ICT budget allocation by core technology area 7.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 8 General Insurance Corporation of India 8.1 Estimated ICT budget breakdown by function 8.2 Estimated external ICT budget allocation by core technology area 8.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 9 SBI Life Insurance 9.1 Estimated ICT budget breakdown by function 9.2 Estimated external ICT budget allocation by core technology area 9.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 10 The New India Assurance Corporation Limited 10.1 Estimated ICT budget breakdown by function 10.2 Estimated external ICT budget allocation by core technology area 10.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 11 United India Insurance Company Limited 11.1 Estimated ICT budget breakdown by function 11.2 Estimated external ICT budget allocation by core technology area 11.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown

3 Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 12 National Insurance Company 12.1 Estimated ICT budget breakdown by function 12.2 Estimated external ICT budget allocation by core technology area 12.3 Detailed ICT budget allocations Estimated hardware budget breakdown Estimated software budget breakdown by technology Estimated software budget breakdown by type Estimated IT services budget breakdown Estimated IT consulting services budget breakdown Estimated telecommunications budget breakdown 13 Appendix 13.1 Definitions 13.2 Further reading 13.3 Contact the authors Table 1: Top ICT spenders in the Indian insurance industry Table 2: Life Insurance Corporation of India (LIC) will spend an estimated INR 20.9 billion on its data centre Table 3: Life Insurance Corporation of India (LIC) will spend an estimated INR 20.5 billion on hardware Table 4: Life Insurance Corporation of India (LIC) will spend an estimated INR 4.2 billion on clients Table 5: Life Insurance Corporation of India (LIC) will spend an estimated INR 3.3 billion on enterprise Table 6: Life Insurance Corporation of India (LIC) will spend an estimated INR 6.5 billion on software licenses Table 7: Life Insurance Corporation of India (LIC) will spend an estimated INR 3 billion on application Table 8: Life Insurance Corporation of India (LIC) will spend an estimated INR 3.5 billion on systems planning and design Table 9: Life Insurance Corporation of India (LIC) will spend an estimated INR 2.3 billion on fixed voice Table 10: Export Credit Guarantee Corporation of India Limited will spend an estimated INR 1.9 billion on its data centre Table 11: Export Credit Guarantee Corporation of India Limited will spend an estimated INR 2 billion on hardware Table 12: Export Credit Guarantee Corporation of India Limited will spend an estimated INR 380m on clients Table 13: Export Credit Guarantee Corporation of India Limited will spend an estimated INR 312m on enterprise Table 14: Export Credit Guarantee Corporation of India Limited will spend an estimated INR 615m on software licenses Table 15: Export Credit Guarantee Corporation of India Limited will spend an estimated INR 280m on application Table 16: Export Credit Guarantee Corporation of India Limited will spend an estimated INR 333m on systems planning and design Table 17: Export Credit Guarantee Corporation of India Limited will spend an estimated INR 215m on fixed voice Table 18: State Bank of India will spend an estimated INR 914m on its data centre Table 19: State Bank of India will spend an estimated INR 900m on hardware Table 20: State Bank of India will spend an estimated INR 182m on clients Table 21: State Bank of India will spend an estimated INR 144m on enterprise Table 22: State Bank of India will spend an estimated INR 286m on software licenses Table 23: State Bank of India will spend an estimated INR 130m on application Table 24: State Bank of India will spend an estimated INR 155m on systems planning and design Table 25: State Bank of India will spend an estimated INR 102m on fixed voice Table 26: ICICI Prudential will spend an estimated INR 824m on its data centre Table 27: ICICI Prudential will spend an estimated INR 811m on hardware Table 28: ICICI Prudential will spend an estimated INR 164m on clients Table 29: ICICI Prudential will spend an estimated INR 130m on enterprise Table 30: ICICI Prudential will spend an estimated INR 258m on software licenses Table 31: ICICI Prudential will spend an estimated INR 118m on application Table 32: ICICI Prudential will spend an estimated INR 140m on systems planning and design Table 33: ICICI Prudential will spend an estimated INR 92m on fixed voice Table 34: HDFC Standard Life Insurance Company Limited will spend an estimated INR 1.4 billion on its data centre Table 35: HDFC Standard Life Insurance Company Limited will spend an estimated INR 1.4 billion on hardware Table 36: HDFC Standard Life Insurance Company Limited will spend an estimated INR 277m on clients

4 Table 37: HDFC Standard Life Insurance Company Limited will spend an estimated INR 226m on enterprise Table 38: HDFC Standard Life Insurance Company Limited will spend an estimated INR 447m on software licenses Table 39: HDFC Standard Life Insurance Company Limited will spend an estimated INR 203m on application Table 40: HDFC Standard Life Insurance Company Limited will spend an estimated INR 227m on systems planning and design Table 41: HDFC Standard Life Insurance Company Limited will spend an estimated INR 158m on fixed voice Table 42: General Insurance Corporation of India will spend an estimated INR 1.1 billion on its data centre Table 43: General Insurance Corporation of India will spend an estimated INR 1.2 billion on hardware Table 44: General Insurance Corporation of India will spend an estimated INR 243m on clients Table 45: General Insurance Corporation of India will spend an estimated INR 183m on enterprise Table 46: General Insurance Corporation of India will spend an estimated INR 368m on software licenses Table 47: General Insurance Corporation of India will spend an estimated INR 152m on application Table 48: General Insurance Corporation of India will spend an estimated INR 185m on systems planning and design Table 49: General Insurance Corporation of India will spend an estimated INR 129m on fixed voice Table 50: SBI Life Insurance will spend an estimated INR 1.3 billion on its data centre Table 51: SBI Life Insurance will spend an estimated INR 1.3 billion on hardware Table 52: SBI Life Insurance will spend an estimated INR 262m on clients Table 53: SBI Life Insurance will spend an estimated INR 214m on enterprise Table 54: SBI Life Insurance will spend an estimated INR 423m on software licenses Table 55: SBI Life Insurance will spend an estimated INR 192m on application Table 56: SBI Life Insurance will spend an estimated INR 215m on systems planning and design Table 57: SBI Life Insurance will spend an estimated INR 150m on fixed voice Table 58: The New India Assurance Corporation Limited will spend an estimated INR 735m on its data centre Table 59: The New India Assurance Corporation Limited will spend an estimated INR 723m on hardware Table 60: The New India Assurance Corporation Limited will spend an estimated INR 146m on clients Table 61: The New India Assurance Corporation Limited will spend an estimated INR 116m on enterprise Table 62: The New India Assurance Corporation Limited will spend an estimated INR 230m on software licenses Table 63: The New India Assurance Corporation Limited will spend an estimated INR 105m on application Table 64: The New India Assurance Corporation Limited will spend an estimated INR 125m on systems planning and design Table 65: The New India Assurance Corporation Limited will spend an estimated INR 82m on fixed voice Table 66: United India Insurance Company Limited will spend an estimated INR 559m on its data centre Table 67: United India Insurance Company Limited will spend an estimated INR 550m on hardware Table 68: United India Insurance Company Limited will spend an estimated INR 111m on clients Table 69: United India Insurance Company Limited will spend an estimated INR 88m on enterprise Table 70: United India Insurance Company Limited will spend an estimated INR 175m on software licenses Table 71: United India Insurance Company Limited will spend an estimated INR 80m on application Table 72: United India Insurance Company Limited will spend an estimated INR 95m on systems planning and design Table 73: United India Insurance Company Limited will spend an estimated INR 63m on fixed voice Table 74: National Insurance Company will spend an estimated INR 535m on its data centre Table 75: National Insurance Company will spend an estimated INR 526m on hardware Table 76: National Insurance Company will spend an estimated INR 107m on clients Table 77: National Insurance Company will spend an estimated INR 84m on enterprise Table 78: National Insurance Company will spend an estimated INR 167m on software licenses Table 79: National Insurance Company will spend an estimated INR 76m on application development and integration Table 80: National Insurance Company will spend an estimated INR 91m on systems planning and design Table 81: National Insurance Company will spend an estimated INR 60m on fixed voice Figure 1: Top ICT spenders in the Indian insurance industry

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