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With the insurance industry facing the slowest growth rate since the 1930's, US P&C carriers are looking for ways to improve operational effectiveness and to drive growth, and claims is one of the key areas they're investing in. In fact, over 30% of carriers surveyed by IT strategy and research firm Novarica say that claims is one of the top three projects they're focusing on for 2010. And while Novarica estimates that 30-40 new claims systems were purchased by US insurers in the last 12 months, P&C insurers have more than 20 active solutions to choose from.
Novarica's latest report, Novarica Market Navigator: US P/C Claims …