Tech Decisions: Aggressive IT Spending Predicted for P&C Carriers

In looking at the top drivers for technology spending, Furtado reported business growth was cited as the top driver by 66 percent of respondents. This was followed by both business process optimization and cost containment/expense reduction, each of which was cited by 56 percent of respondents.

“These drivers reflect the need to strengthen processes and stay competitive,” said Furtado