85 Percent of Insurers Outsource Some Element of Information Technology

A new report by research and advisory firm Novarica, based on a survey of over 100 US insurer CIOs, finds that 85 percent are currently outsourcing at least some elements of IT, and between 25 and 35 percent are planning to increase their level of outsourcing in 2012.

Graphic: Novarica

“Insurer CIOs across the industry are embracing outsourcing and blended staffing strategies in order to enhance productivity without increasing fixed overhead,” said Matthew Josefowicz, partner and managing director of Novarica. “With the imperative to ‘do a lot more with a little more,’ blended sourcing can help insurers stretch their IT resources.”

Among the key findings of the report:

Source: Novarica