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.
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