The forecast includes spending by insurers on internal IT (including personnel), hardware, software, external IT services and telecommunications.
"Indian insurers are prioritising technology investments for 2016 into digitalisation, and particularly analytics capabilities," Gartner Research Director Derry Finkeldey said.
Spending on IT services is forecast to reach Rs 4,520 crore, which is 32 per cent of all insurance IT spending.
Enterprise software spending, which includes enterprise resource planning (ERP), supply chain management (SCM), and customer relationship management (CRM), is forecast to grow 22 per cent in 2016, to a total of Rs 94.8 crore.
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