Introduction

This databook from the Technology Trends service helps vendors to understand evolving enterprise IT budgets in insurance. The data has been drawn from interviews with 51 IT managers conducted in H2 2007.

Scope

TABLE OF CONTENTS
OVERVIEW 1
Catalyst 1
Summary 1
IT BUDGETS IN INSURANCE 5
Size of enterprises’ global IT budget from the Technology Trends sample 5
Changes to IT budgets from 2006 to 2007 7
Expected changes to IT budgets from 2007 to 2008 9
Spending on (external) IT budget in 2007 by type 11
Likely changes to (external) IT budget in 2008 13
Spending on IT budget by entity 15
Type of provider that enterprises are likely to approach first to address their organization’s IT needs 17
Importance of various objectives to enterprises’ IT investment strategy in 2007 19
APPENDIX 21
Breakdown of the Technology Trends sample by geography 21
Breakdown of the Technology Trends sample by company size 23
Breakdown of the Technology Trends sample by company revenue 25
Further reading 27
Ask the analyst 27

LIST OF FIGURES
Figure 1: Size of enterprises’ global IT budget from the Technology Trends sample 5
Figure 2: Changes to IT budgets from 2006 to 2007 7
Figure 3: Expected changes to IT budgets from 2007 to 2008 9
Figure 4: Spending on (external) IT budget in 2007 by type 11
Figure 5: Likely changes to (external) IT budget in 2008 13
Figure 6: Spending on IT budget by entity 15
Figure 7: Type of provider that enterprises are likely to approach first to address their organization’s IT needs 17
Figure 8: Importance of various objectives to enterprises’ IT investment strategy in 2007 19
Figure 9: Breakdown of the Technology Trends sample by geography 21
Figure 10: Breakdown of the Technology Trends sample by company size 23
Figure 11: Breakdown of the Technology Trends sample by company revenue 25

LIST OF TABLES
Table 1: Size of enterprises’ global IT budget from the Technology Trends sample 6
Table 2: Changes to IT budgets from 2006 to 2007 8
Table 3: Expected changes to IT budgets from 2007 to 2008 10
Table 4: Spending on (external) IT budget in 2007 by type 12
Table 5: Likely changes to (external) IT budget in 2008 14
Table 6: Spending on IT budget by entity 16
Table 7: Type of provider that enterprises are likely to approach first to address their organization’s IT needs 18
Table 8: Importance of various objectives to enterprises’ IT investment strategy in 2007 20
Table 9: Breakdown of the Technology Trends sample by geography 22
Table 10: Breakdown of the Technology Trends sample by company size 24
Table 11: Breakdown of the Technology Trends sample by company revenue 26