Filed Under:Carrier Innovations, Information Security

Strategic Initiatives Biggest Area of Impact for Insurance CIOs

Recent Novarica report examines how IT leaders create enterprise value.

Supporting strategic initiatives outpaces pure efficiency and cost reduction elements in terms of the highest goals among insurance industry CIOs. That’s the takeout from Novarica’s latest research report: “Creating Enterprise Value as CIO.”

Novarica polled CIOs on what they perceive to be the area of highest impact on the company as a technology leader and nearly half—45 percent—listed “supporting new strategic initiatives” as the top response.

Josefowicz believes the report shows the evolution of the CIO as a “strategic business executive” as opposed to someone with specialized skills.  Twenty-two percent of CIOs rated their relationship with business leaders as the most important factor in a CIO’s ability to deliver with another 17 percent responding “business alignment.”

Only 16 percent rated their technology knowledge and skills as their most important skill.

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