Insurance IT spending across North America, Europe, Latin America, and Asia-Pacific will increase to $162.1 billion this year, increasing to $176.7 in 2016, according to “IT Spending in Insurance: A Global Perspective,” from research firm Celent. The increase represents a compound annual growth rate of 4.4 percent, result of a moderately better global economy, Celent said.

IT spending in North America will increase to $72.4 billion in 2016, Celent said, a compound annual growth rate (CAGR) of 3.7 percent, from 2014 to 2016.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access