LOMA, SMA Survey: Life Insurers Plan to Increase IT Budget in 2011

Over 90 percent of executives for life insurance companies in North America plan to increase or hold steady their IT budgets in 2011, according to a survey conducted by LOMA and SMA Strategy Meets Action.

This report, Riding the Wave: Insurer Technology Spending, Drivers, and Approaches, focuses on the technology spending trends among life and annuity insurers in North America. It analyzes where insures are spending money and what is driving technology investment decisions.