Surveys of insurance IT leaders conducted by Strategy Meets Action show 91 percent of carriers on the life/annuity side are keeping spending levels flat or showing a slight increase. On the property/casualty side, 83 percent reported flat spending or slight increases, according to Deb Smallwood, founder of SMA.

The good news for the industry is those numbers are slightly higher than a year ago at this time, notes Smallwood. Although the propensity of life/annuity companies is to spend less on IT than their property/casualty contemporaries, Smallwood notes the life/annuity side got hit harder by the economic downturn in 2008.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including, and
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2023 ALM Global, LLC. All Rights Reserved.