Following the evolution of the market, this survey aims at understanding the trends and changes of the insurance sector’s IT systems. This study should enable the reader to understand the new tendencies in the Luxembourgish market, and to draw a clear picture of the various systems insurance companies are using.
Some 20 years ago, KPMG Luxembourg started to conduct a regular survey of the systems in the IT landscape of the financial sector in Luxembourg, acknowledging at that time that IT was a major enabler of the development of our financial marketplace. Eighteen editions of the survey later, the importance of IT in the sector has not reduced – to the contrary – and we still follow with passion the trends that the evolving landscape is creating year after year.
This report is the second separate survey for the insurance sector, which allows us to focus in more detail on sector-specific trends and challenges. By doing so, KPMG is recognizing that the insurance sector, even though linked to the banking sector in Luxembourg, has a life of its own, driven by needs, constraints and objectives which may be different from those of the other financials sectors.
The following subjects are addressed in this edition:
For more information, please do not hesitate to contact Geoffroy Gailly.