Filed Under:Markets, Company News

Life companies outpace P&C insurers in IT spending

The report reveals that 65 percent of insurers intend to increase their IT budgets next year.
The report reveals that 65 percent of insurers intend to increase their IT budgets next year.

Nearly two-thirds of insurers plan to boost their information technology budgets in 2014, according to new research.

Ovum discloses this finding in “2013 ICT Enterprise Insights in the Insurance Industry.” Based on interviews with 6,500 senior IT executives, the report examines information technology (IT) spending among insurers by region, insurance line and size of insurer.

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Nichole Morford

Nichole Morford
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