Gartner Research

Staggering Amount of IT Debt Is a Threat to Innovation in Insurance

Published: 15 March 2013

ID: G00247625

Analyst(s): Juergen Weiss

Summary

Gartner estimates that the global insurance industry has accumulated more than $8 billion of IT debt during the past 10 years. Insurance CIOs are, therefore, increasingly struggling to fund innovation and to adopt disruptive technologies.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Rising IT debt will deter insurance CIOs from supporting business innovation
  • Growing IT debt will restrain the integration of emerging technologies and negatively affect the buying behavior of insurance IT executives

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