Report

Life/Annuity/Benefits Insurer IT Budgets and Projects, 2023

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Insurers are planning for a 2023 fiscal year amid uncertainty around interest rates and the U.S. economy.
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January 25, 2023 – Technology is a critical driver for competitiveness for life, annuity, and voluntary benefits insurers. The innovative capabilities that technology enables create real value for insurers by allowing them to identify and penetrate new markets, sell products more effectively, increase operational efficiency, and better understand and model risk.

This Insurance Technology Research Council study is designed to help insurers understand peer behavior, budgets, and priorities for the coming year as context for their strategic planning activities. It presents and analyzes the results of a study of 62 insurer CIO and technology leader members of the Aite-Novarica Group Insurance Technology Research Council conducted in Q4 2022.

Clients of Aite-Novarica Group’s Life, Annuities, & Benefits service can download this report and the corresponding charts.

About the Author

Harry Huberty

Harry Huberty

Harry Huberty is the Research Director for the Insurance Practice at Datos Insights, where he manages the Research Council, a moderated knowledge-sharing community of over 400 insurer senior executives. He also leads Datos Insights’s research on automotive telematics in personal and commercial lines. He holds an MTS in Religious Studies from Harvard Divinity School and a B.A. in Religion from...

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