It’s no secret the “credit crunch” has affected all lines of business within the insurance industry. And according to economic experts, the recovery will be a long and slow one, with the likely scenario of 2010 and 2011 being challenging ones in terms of investment performance and increases in premiums, followed by a gradual acceleration and return to growth.

So how are insurers faring? And how are they preparing for the ultimate turnaround? A new report from Celent sheds some light on economic recovery, and the industry’s plan to shore up IT investments.

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