Boston, MA, USA
November 27, 2006

Insurance CIO/CTO Pressures,
Priorities, Projects, and Plans
for 2007: Survey Results

List of Figures

Return to report Abstract

Business Trends Driving IT in 2007 9
Top IT Initiatives for 2006 11
IT Spending as a Percentage of Premium by Size and Sector 13
Projected Budget Increases by Sector and Size 14
Average Budget Breakdown by Expense Type (Consolidated) 15
Variation in Average IT Budget by Size and Sector 16
Ratios of IT Staff to Total Staff 17
Ratios of Total Policies to IT Staff by Size and Sector 17
Average Composition of IT Staff by Role by Respondent Size and Sector 18
Projected Staff Increases in 2007 by Size and Sector 19
Top Staffing Needs 19
Changes in Average Maintenance/New Project Split 20
New Project Budget Allocation by Functional Area 22
Most Common Areas of Significant New Project Spending by Large P/C Insurers 26
Most Common Areas of Significant New Project Spending by Midsize P/C Insurers 27
Most Common Areas of Significant New Project Spending by Large L/H Insurers 28
Most Common Areas of Significant New Project Spending by Midsize L/H Insurers 29
Most Common Areas of "Some" New Project Spending by Large P/C Insurers 31
Most Common Areas of "Some" New Project Spending by Midsize P/C Insurers 32
Most Common Areas of "Some" New Project Spending by Large L/H Insurers 33
Most Common Areas of "Some" New Project Spending by Midsize L/H Insurers 34
Under Consideration for 2007 35
Data Mastery Projects 36
Usage of Enterprise Data Models 37
Enterprise Data Models and External Standards and Models 38
Current Use of Outsourcing by Size/Sector and Area 39
Average Likelihood to Outsource Additional Areas by Size and Sector 41
Platform Shifts from 2004 to 2006 Among Large Insurers 42
Platform Shifts from 2004 to 2006 Among Midsize Insurers 43
Expected Changes in Platform Mix Over Next Three Years 44
J2EE vs. .NET: Standardization and Preference 45
Perceptions of J2EE and .NET 45
Use of SOA/Web Services by Respondent Size 46
Number of Services Enabled by Respondent Size 47
Web Services/SOA by Functional Area 48
ACORD XML and Web Services/SOA 49
Use of ACORD XML 50
Perception of ACORD XML 50
IT Project Preferences by Company Size 51
Perceptions of IT Vendor Marketplace 52
Opinion on Consolidation of Software Providers 52
 

        

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