Something is better than nothing. This mantra may describe be the silver lining in P&C insurers’ budgets for 2010 if research from industry experts is correct. Analysts are reporting 2010 P&C IT budgets to be flat or slightly higher than 2009.
Gartner and the Property Casualty Insurers Association of America’s (PCI) fourth annual joint Information Technology (IT) spending survey found that the planned IT spending increase from 2008 to 2009 is 1.6%. And, based on the data collected, the planned increase in spending from 2009 to 2010 will only be around 0.2%.
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