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A total of 120 insurance executives were polled on tech budgets and priorities for an SS&C survey at the IASA Educational Conference & Business Show. Read on to find out just how much money is being spent on IT, and where insurers expect to spend the largest portion of that budget.
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How would you describe your company’s current budget for internal technology operations and infrastructure versus 3 years ago?

Most insurers think their tech budget is double what it was three years ago.
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What technology challenges will consume the most significant portion of your company’s resources over the next three years due to the rapidly changing regulations requirements?

Insurers largely expect regulatory pressure to drive investment in data security and integrating front, middle, and back office operations.
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How much do you think your organization is spending on adopting technology infrastructure and staffing to address reporting of complex asset class investments?

A third of insurers are spending anywhere from $6 million to $40 million for tech to manage complex investments.
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How much more effective would your risk management be if your organization had more up-to-the-minute data analysis and reporting of complex asset class investments?

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Do you think the ability to efficiently manage risk and operation of complex asset class investments is a competitive advantage for your organization?