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INSURANCE TECHNOLOGY NEWS

30% of Insurers Plan to Expand Use of Blended IT Staffing, Novarica Profiles 41 Vendor Solution Providers

Bill Sinn | March 12, 2019

Insurers are investing in new business and underwriting technology to meet evolving customer needs and leverage new analytics capabilities, according to research and advisory firm, Novarica. The latest Novarica Market Navigator, Life/Health/Annuity New Business and Underwriting Systems, profiles 22 vendors offering solutions to North American insurers in this space.

"For carriers who are focused on addressing aging technology stacks, old platforms are frequently monolithic environments that support a variety of functions within a tightly integrated and inflexible platform," said Rob McIsaac, Executive Vice President and lead author of Novarica's new report. "This may have produced a series of historic advantages but now leaves these carriers with rigid environments that make it very difficult and expensive to deploy new products and capabilities which are key to future competitiveness."

Providers profiled include: Accenture, Andesa Services, DXC, Ebix, EXL, FJA-US, Global IQX, Insurance Technologies, Intellect SEEC, iPipeline, Limelight Health, Mphasis Wyde, Munich Re, OneShield, Oracle, Pegasystems, Reinsurance Group of America, SAP, Sapiens, Swiss Re, Tata Consultancy Services, and Vitech Systems Group.

Please contact  media@novarica.com or call Victoria Spitz at 833-668-2742 Ext. 130 for more information.


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