Insurance IT Budgets to Remain Flat in 2013

Insurance & Technology research also finds more investment in customer-experience related technologies at insurance companies.
November 09, 2012

For the second year in a row, Insurance & Technology surveyed insurance executives about their IT budget plans for 2013 and presented the results at our 14th annual Executive Summit, which was held this year in Rancho Palos Verdes, Calif. Following are our findings.

Year-Over-Year Budgets

Insurance IT budgets are likely to stay flat this year, according to respondents, the same as last year. However, last year more insurers indicated that their budgets would be rising than this year. At the very least, with few saying budgets were going down, this shows that budgets are still trending upward.

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