Employment Outlook Continues to Improve for Insurance Technology Sector
By Peggy Bresnick Kendler
Hiring in the insurance technology sector is showing signs of life, and compensation for insurance IT staff is trending upward. But pay for IT managers is sliding.
The insurance technology segment was a reasonably bright spot in a still-anemic U.S. jobs picture, according to the 2012 InformationWeek U.S. IT Salary Survey. That’s not altogether surprising given steady (though modest) increases in insurance IT budgets and an array of initiatives across the industry focused on core systems modernization, analytics and big data proficiency, and next-generation multi-channel (including mobile) distribution.
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Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio