Insurers continue to invest in packaged insurance software solutions despite the poor economy, with deal flow actually improving as carriers look to cut expenses and keep up with the competition, a new study reveals.

“We might have suspected purchases would be down, but insurers are investing in software like never before, showing they are not entrenched due to the economic environment or financial crisis,” says Celent senior analyst Mike Fitzgerald, co-author of “Insurance Software Deal Trends 2010″ with Karen Monks.

“Competitors are not standing still–they are not pulling IT development and they are moving forward,” says Fitzgerald.

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