Growth in planned spending among property-casualty insurers for information technology will be down through next year, according to a new survey.
Stamford, Conn.-based information technology research and advisory firm Gartner Worldwide and the Property Casualty Insurers Association of America (PCI), Des Plaines, Ill., released their third annual joint Information Technology (IT) spending survey yesterday.
"This study is the most comprehensive IT expense statistics study in the property and casualty industry," said Scott Joyner, vice president, information technology, based in PCI's Malvern, Penn. office. "The 30 PCI member companies participating in the study averaged $691 million in revenue and 1,116 employees."
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