New Tech Extends Mainframe Uses

There is no doubt that its been a difficult year for insurancecarriers. Many have experienced dwindling capacity, rising premiumsfor reinsurance, and an increase in the frequency and number ofliability claims. Now add the prolonged stock market retraction andthe ongoing risk of a terrorist attack, and youve got the makingsof a tough environment.

While the economy as a whole has taken its knocks, this realityhas not lessened the industrys need or desire to innovate. In mostcases, innovation involves the implementation of new technologies.Whether it is customer relationship management (CRM), e-business oremployee portal initiatives, insurance companies are under pressureto update their technology infrastructure in order to remaincompetitive.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.