Virtual Viewpoint

What are the biggest internal issues an insurer faces after selecting a new software system?

After all the shopping is over and the negotiations have been completed, the real work begins for vendors and insurance carriers as they work to make the implementation successful. Here are some tips from the vendor's perspective to see to it that the relationship between the two sides blossoms rather than wilts.

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Solutions Partner

IT Investment Continues to Grow, Selectively

Information Technology spending is always under scrutiny, but how do insurance companies view their IT spend considering the current economic conditions?

When analyzing the IT spend overall, the majority of companies that participated in a recent study conducted by Ward Group anticipate an IT budget increase for 2010 compared to 2009. The IT budget as a percentage of gross premiums written was projected to be near 4.5 percent in 2009 and is anticipated to grow five to seven percent in 2010.

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