Spotlight

US P&C Insurance Technology Spend Forecast 2022

How Providers Can Use Tech to Improve Profitability

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About This Report
IT and technology spending will register anemic mid-single-digit growth throughout our forecast period. Property and casualty tech leaders must maximize spending to support their organizations’ bottom line in a time of extraordinary pressures on profitability.
Table of Contents

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.

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Table of Contents

  1. Executive Summary
  2. P&C Insurers Rely on Tech to Drive Profits
  1. Where Are P&C Insurers Allocating Their Tech Budgets?
  2. Read Next
  1. Sources
  2. Media Gallery

authors

Eleni Digalaki

Contributors

Tyler Brown
Senior Analyst
Caitlin Cahalan
Researcher, Financial Services
Shelleen Shum
Senior Director, Forecasting
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