European insurers are set to spend 21.7bn euros (£15bn) on information technology this year, according to Celent Communications.
The report claimed that IT spend from the industry would also rise by an additional 600m euros (£423m) in 2004.
Celent analyst Axel Pierron said: "Despite decreases in overall IT budgets, European insurance companies are still pursuing new projects.
"Many carriers are taking a more industrial approach to gaining efficiencies. They will eventually integrate successful IT projects into all their lines of business."
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
