Executive Summary

IT and technology spending will register anemic mid-single-digit growth throughout our forecast period. Property and casualty (P&C) tech leaders must maximize spending to support their organizations’ bottom line in a time of extraordinary pressures on profitability.

Key Question: How can P&C insurers allocate budgets most effectively in today’s economic climate?

KEY STAT: US P&C insurance IT and technology spending will rise modestly in 2022, to $26.31 billion, as providers double down on underwriting effectiveness and lower-cost distribution.