Boston — A new report from Boston-based Celent says the reverberations of the turmoil in the financial market will travel all the way to insurers’ IT budgets.
“We think that IT budgets will stay flat from 2009 from 2008,” Celent Senior Analyst Mike Fitzgerald, one of the report’s authors, told Insurance Networking News yesterday. “Previously, we were predicting a 2% to 3% increase.”
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