Gartner Research

Insurance CIOs Need to Bridge the IT Spending Gap to Support Digital Transformation

Published: 14 June 2016

ID: G00304416

Analyst(s): Laurie Shotton , Juergen Weiss , Richard Natale

Summary

Life and P&C insurance CIOs need to reconcile their current level of nontransformative IT spending with executive management's strategic business priorities. Gartner has identified three different patterns of IT spending with unique digital transformation roadmaps for life and P&C insurance CIOs.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Insurers' transformative business objectives will increasingly require insurance CIOs to position themselves as strategic IT investors
  • A focus on tactical initiatives presents significant challenges for CIOs working to remain relevant
  • The need to support transformational initiatives is driving insurance CIOs to adopt enterprise-specific plans and bimodal delivery methods

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