15th February 2016 Church News.
Positive growth for the insurance industry in 2015 has given confidence to insurers, who are looking at new ways in which IT innovations can aid their business, according to a report from Ovum. This new confidence, however, is against a backdrop of accelerating demographic and customer change, which is also likely to be a key driver of investment. The report shows that of the 389 insurance carriers surveyed as part of the ICT Enterprise Insight (ICTEI) programme, 62 per cent are planning to expand IT budgets in 2016, with only 11 per cent looking to cut expenditure. This compares to 47 per cent that grew and 17 per cent that cut IT budgets in 2014/15.
