2010 US Insurance CIO Survey: Pressures, Priorities, and Practices

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12 February 2010
Craig Weber and Donald Light

Abstract

Celent reports the findings of its annual survey of US Insurance CIOs. The more buoyant and positive results of this year’s survey reflect a sense that the bottom of the US recession has been reached and that perhaps a recovery is under way.

In a new report, 2010 US Insurance CIO Survey: Pressures, Priorities, and Practices, Celent highlights business issues and IT priorities reported by property/casualty and life/health CIOs. Findings include allocation of resources for new initiatives, year-to-year changes in IT budgets, and the anticipated evolution of technology platforms over the next three years.

“There is a modest increase in year-over-year total IT spending growth, showing a positive trend from a year earlier,” says Craig Weber, Senior Vice President of Celent’s Insurance group and coauthor of the report. “Spending on core systems will see a significant year-over-year increase.”

“Multiyear core system initiatives are the biggest big ticket items,” adds Donald Light, senior analyst with Celent's Insurance group and coauthor of the report.

Insight details

Special Interest
Innovation & Emerging Technology
Content Type
Reports
Report Type
Industry Trends, Technology trends
Location
North America
Subscription categories
Insurance, Life/Annuities Insurance, Property / Casualty Insurance