Indian insurance Companies Flocking to Mobile

Indian insurance Companies Flocking to MobileThe Indian insurance market is forecast to be the third fastest growth market for ICT after retail and banking in 2015.

That’s according to a new report from Gartner, Inc., the details of which were shared with MMW over the weekend.

Specifically, Indian insurance companies are on pace to spend 4.2 billion rupees on mobile devices next year, with spending on tablets set to jump to the tune of 64 percent over 2014.

This growth is occurring even as spending on PCs is forecast to decline year-over-year in 2014 and 2015.

“Insurers in India are looking at how they can extend access to corporate applications via mobile devices,” says Derry Finkeldey, research director at Gartner. “This not only leads to spending on the devices, but also on mobile data management (MDM) platforms and other application development.”

Further information on insurance sector IT spending is available in the Gartner report titled “Forecast: Enterprise IT Spending by Vertical Industry Market, Worldwide, 2012-2018, 3Q14 Update.”