While the effects of the March earthquake are still being felt, Celent says it is certain to set a record for earthquake insurance payouts—estimated at $12 billion—and that most firms have sufficient reserve funds on hand.

The earthquake has also spurred insurers to narrow in on IT spending. According to Celent’s new report, “IT Spending Trends in the Japanese Insurance Industry: 2011,” IT spending in Japan’s insurance industry has been trending sideways since before the disaster, making it difficult to conclude that there will be additional cutbacks.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access