Computer Weekly Data Bank:

Insurance


May 8, 2014  1:00 AM

Custom Software Spend – Auxiliary Financial & Insurance Companies

kwicka Profile: kwicka
Financial, Insurance, Software

Custom software spend per employee by auxiliary financial & insurance companies increases with size of organisation.  The smallest concerns outlay over £200 whilst for the largest it is almost £700.  On average the expenditure is a factor of four greater than the UK norm.

December 12, 2013  1:00 AM

Hardware Spend – Banking, Finance & Insurance Companies

kwicka Profile: kwicka
Banking, Finance, Hardware, Insurance

Large banking & finance institutions have an average outlay of £13m on hardware.  The corresponding life insurance companies spend a third of that amount whilst for both auxiliary finance & insurance firms and general insurers it is about a fifth.



September 9, 2013  1:00 AM

System Software Spend – Auxiliary Financial & Insurance Companies

kwicka Profile: kwicka
Financial, Insurance, Software, System software

For all auxiliary financial & insurance companies the spend on system software per employee is some £400.  This is 3 times that for all UK organisations.  The distribution by size of organisation varies from £500 for large auxiliary financial & insurance firms down to £200 for...


June 10, 2013  1:00 AM

Custom Software Spend – Banking, Finance & Insurance Companies

kwicka Profile: kwicka
Banking, Finance, Insurance, Software

There are some 50 large banking & finance companies in the UK employing over 1000 staff.  On average each spends £5m on customised software.  This is more than twice as much as life insurance and auxiliary financial & insurance organisations.  General insurers outlay the...


February 18, 2013  1:00 AM

Development Tools Spend – Banking, Finance & Insurance Companies

Bill Goodwin Profile: Bill Goodwin
Banking, Development tools, Finance, Insurance, Software

Financial services organisations are forecast to spend almost £350m on software development tools in 2015.  Banks & finance houses will dominate the sector with expenditure of £200m.  At little over half that amount will be invested by auxiliary financial & insurance...


January 10, 2013  1:00 AM

IT & Telecom Spend – Life Insurance Companies

Bill Goodwin Profile: Bill Goodwin
Insurance

Life insurance companies with over 1000 employees spend dramatically more on IT & telecom than large UK organisations overall.  Their outlay is expected to be over £29,000 per employee during 2013 rising to nearly £31,000 in 2015.  The corresponding...


August 19, 2011  1:00 AM

Software Staff Numbers – Financial Services

kwicka Profile: kwicka
Banking, Banks, Finance, Insurance

In large Finance Houses (1000+ employees) software staff make up 6% of all personnel.  This is twice the proportion found in Banks.  For Insurance companies it is 5% whilst for Auxiliary Financial concerns software professionals represent 4%.


July 20, 2011  1:00 AM

IT Managers Pay – Financial Services

kwicka Profile: kwicka
Banking, Banks, Finance, Insurance, IT staff, pay, salary

In Financial Services, IT managers in Finance Houses are paid the best.  Typically they earn £64,000.  Their counterparts in Insurance have the lowest pay, averaging £51,760.

95 - IT Managers - Gross Annual Pay - Financial Services.gif


June 28, 2011  1:00 AM

IT Hardware Spend – Insurance

kwicka Profile: kwicka
Insurance, SME, SMEs

Large Insurance companies (1000+ employees) spend £2,000 per employee on hardware which is more than twice that of smaller concerns. Furthermore, this expenditure is some 15% higher than that for all large Financial Services firms.

79 - IT Hardware...</p>
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May 20, 2011  1:00 AM

IT Budgets – Large Financial Services Institutions

kwicka Profile: kwicka
Banking, Insurance

Large Banks (1000+ employees) spend twice as much on IT than both large Finance Houses and Insurance companies.  In the case of Auxiliary Finance concerns it is a multiple of 5.

53 - IT Expenditure per Organisation - Fin Services - 1000+ Emp.gif


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