Insurance IT Budgets to Remain Flat in 2013

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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.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

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