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Property and Casualty companies have witnessed a compounded annual growth rate of six percent over the last three years as against an economic growth rate of three percent. In such a high growth scenario, the capacity to increase market share is linked to the ability to expand IT systems. But, with IT systems and their underlying complexity, technology can, sometimes, prove to be another ‘challenge’ for carriers. Read how carriers can address these ‘challenges’, assemble best of breed products and emerge as winners in the next era.
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Craig Weber is a senior analyst at Celent’s insurance practice. He is the author of Celent’s annual independent producer surveys, and the primary author of the popular Insurance Software Deal Trends studies. In this interview with Preethi Das-VP, Insurance Practice, i-flex solutions, Weber talks about how technology is impacting the global insurance landscape and why carriers are re-orienting their core processing trajectories.
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