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Source: Insider Intelligence | eMarketer, August 2022 - October 2023
Note: includes expenses by insurance providers for creation and maintenance of technology for their property & casualty insurance products; expenses include core systems maintenance, modernization, innovation, transformative technology, data processing, equipment, software, digital initiatives, compliance and cyber security, but does not include salary
Methodology: Estimates are based on the analysis of data from respective insurer corporate disclosures, reported and estimated non-interest expenses from major insurers, estimates from other research firms, historical trends, GDP trends, technology expense trends, and macro-level economic conditions.
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