To help clients navigate challenges facing the industry, Celent has updated its IT spending forecast model based on recent primary insights from business and technology industry leaders from its Dimensions program. The IT spending estimations provided in this report are based on this year’s Dimensions survey with regional insurance CIOs and architects.

This report analyzes regional IT spending patterns of insurance companies. It examines estimates for IT budgets based on premium growth and allocations of IT budgets. IT spending in this report is analyzed by resources and domains, indicating where life insurers are allocating technology spend:

While we anticipate smooth growth of IT spending in the next couple of years, we understand the current geopolitical and economic situation is highly uncertain, including new tariffs imposed by the US—even though they have been delayed at the time of the writing of this report—that can impact North American companies, the global economy, and therefore financial markets.