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Industry experts estimate that carriers spend somewhere between 5 and 10 percent of the total IT budgets on technologies related to distribution. If the experts are right, then approximately $5.6 billion will be spent in this area in 2014. It’s probably safe to say that a significant portion is spent on applications and portals that support quoting and policy processing. It’s also safe to say more carriers are doing more to make it easier to generate sales and deliver service to clients.
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