Corporate Banking IT spending continues to grow strongly as global economies shake off the impacts of the COVID-19 pandemic and the subsequent economic and banking industry challenges. To understand exactly what this means for the industry, Celent has completed its Corporate Banking IT Strategy Survey.

To shed light on the strategic and product-level technology priorities of the industry, Celent has once again run its Technology Insight and Strategy Survey. In capturing the insights and opinions of 228 senior executives across the industry, we have a granular view on the leading technology priorities for the year ahead, as well as the products and processes that will see the greatest change.

To produce our research on Wealth Management IT Spending, we surveyed 215 executives across the globe on including all the major geographical regions: North America, Europe, Asia-Pacific, Middle East and Africa, Central and Latin America. Data collected from our global respondents provides the foundation for our trend and benchmarking insights.

With this annual report, Celent examines business priorities, IT budgets, and investments being made by North American Property & Casualty CIOs.

In our 10th annual review of IT priorities and projects for LatAm insurers in P&C, we answer 1) What are the drivers of IT investment, for Latin American insurers?, 2) What is the planned level of activity, by Latin American insurers, regarding IT? and 3) What is the expected IT investment by Latin American insurers?

Every year we survey insurance CIOs across different regions. Growth, cyber security, and regulation remain the top business objectives that EMEA P&C insurers must support. Insurers are also working on accelerating their digital transformation.

Our estimations in 2022 reflected optimism related to the end of the pandemic and its impact on insurers’ IT investments. This year’s survey suggests that life and health insurers have maintained their levels of investment in IT, despite the impact of the recession, currency devaluation, and inflation hurting business in most countries in LATAM.

In our annual insurance CIO survey, we heard from thirty-eight respondents. EMEA life and health insurance CIOs continue to prioritize business growth, but they also increasingly help their organization protect against cyber threats.

With this annual report, Celent examines business priorities, IT budgets, and investments being made by North American life insurance company technology executives.

In reaction to economic and market conditions, insurers are taking a cautious approach in 2023, with an increased focus on cost reduction while pursuing growth and innovation. With this annual report, Celent examines business priorities, IT budget and investment being launched.