The insurance practice at Boston-based consultancy Celent, a member of the Oliver Wyman group, asked 163 insurers representing a mix of life, health and property/casualty lines of business to reveal how the financial crisis and recession of 2009 has affected their livelihoods. Data was collected in October 2009.
Slide 2
Only 13% of respondents report that the economic crisis has had a major impact on business operating results. Half report "some impact," and 30% report only minor impact.
Slide 3
Based on this bar graph, carriers´ became more cautious about making IT project investment decisions in Q3 2009.
Slide 4
It´s clear that conservative, risk-based insurers responded without true alarm to the financial crisis; instead making minor to moderate adjustments in IT operations.
Slide 5
The recession´s impact on survey respondents´ plays forward with a focus on new business, and the infrastructure to support it.