Against economic woes, insurance companies are facing some tough decisions when it comes to IT staffing and maintenance. In particular, flat premiums and reduced investment income are driving the industry into a competitive state not seen in 20 years, forcing IT organizations to deliver faster, deliver more and reduce or maintain costs, notes a new report issued by New York based research and advisory firm Novarica.
Based on Novarica research, experience and round table discussions and 2010 interviews with members of the Novarica Insurance Research Council, the report, “Best Practices in Agile IT Staffing,” points out the need for insurers to better align supply and demand in this high-pressure, competitive environment.
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