Insurance carriers have adopted a strategy of “inspired frugality” in relation to their spending on security, according to a Forrester senior analyst, Ellen Carney.
In Ms. Carney's definition, the term indicates a state where insurers have elected to delay security projects or upgrades over the past 18 months, even as the introduction of new technology has added complexity to their security environments.
“This reluctance can be traced to a lack of visibility and weaker skills to build the security business case,” writes Ms. Carney in a research paper, “Banking and Insurance 2010: IT Security Budgets and Spending.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
