"Slightly" is the budget word for 2013, just as it was in 2012. In Novarica's latest survey on U.S. insurer IT budgets and projects for 2013, one of the key findings is that most insurers expect to increase budgets for next year only slightly, according to Matt Josefowicz, Novarica's partner and managing director.
"The priorities appear to be are fairly consistent year to year," says Josefowicz of the 2012 and 2013 budget surveys. "There's some shift in terms of mindset and areas getting the most interest, but in terms of where the dollars are being spent it looks a lot like 2012."
The survey also showed that insurers are critical of their own technology-enabled capabilities, according to Josefowicz.
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