Insurers are making more decisions now concerning IT spend, but those decisions reflect a note of frugality, according to a new report from Celent, a Boston-based research and consulting firm.

“Insurers are tightening their budgets,” Karen Monks, insurance analyst at Celent, told Insurance Networking News. What we found is that rather than taking a longer-term, strategic look at IT operations, insurers may be looking at expanding what they already have, such as continuing to retain software licenses and tweaking existing systems.”

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access