Insurance CIOs view many of their contributions to the organizations they serve as one of supporting new strategic initiatives, while the most important factor in CIOs’ ability to deliver on this value proposition is their relationship with business leaders. Such are the results of a new report, “Creating Enterprise Value as CIO,” issued today by New York-based research and consulting firm Novarica. The report targeted 111 members of its more than 300-member Novarica Insurance Technology Research Council, a moderated membership group of senior insurance IT executives from both the property/casualty and life/annuity sectors.
Of the 111 who took Novarica’s online survey during December 2010, approximately 33 percent represented large (more than $1 billion in premiums) companies, while 50 percent represented midsize carriers (between $100 million and $1 billion in premiums). Small carriers (less than $100 million in premium) comprised 17 percent of the total.
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