An electronic poll conducted during the ACORD-LOMA Insurance Systems Forum this week revealed that insurers' information technology executives are facing numerous problems at work, including the ignorance of non-IT officers regarding data standards and inadequate funds for regulatory-compliance projects.
Although it may not represent the overall insurance IT landscape, the survey nonetheless offered a glimpse into day-to-day challenges confirmed by a number of chief information officers speaking at the conference held in Orlando.
The survey was conducted during a CIO panel session titled "Confidently Meeting An Uncertain Future" and was based on responses from more than 400 insurance IT executives using electronic audience-response devices.
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