While insurance companies around the world are still feeling the effects of the financial crisis on their IT budgets, almost half expect to ramp up spending in 2012, according to Ovum.
In a new report, the independent technology analyst reveals findings of a global survey of insurance CIOs, which shows that their IT spending is set to soar next year.
“While the CIOs we surveyed had mixed feelings about their IT budgets in 2011, confidence for 2012 is much higher,” says Barry Rabkin, Ovum’s insurance technology principal analyst. “Forty-seven per cent expect their IT budgets to increase, and some by significant amounts.”
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