Property-casualty insurers are increasing information technology expenditures this year, with some spending to speed up legacy system replacement, a new study has found.
The results were contained in the second annual joint Information Technology (IT) spending survey released by Gartner Worldwide research firm and the Property Casualty Insurers Association of America (PCI) trade group.
Stamford, Conn.-based Gartner and Des Plains, Ill.-based PCI said that the spending on IT investments will better position insurers in the marketplace.
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