New Tech Extends Mainframe Uses
There is no doubt that its been a difficult year for insurance carriers. Many have experienced dwindling capacity, rising premiums for reinsurance, and an increase in the frequency and number of liability claims. Now add the prolonged stock market retraction and the ongoing risk of a terrorist attack, and youve got the makings of a tough environment.
While the economy as a whole has taken its knocks, this reality has not lessened the industrys need or desire to innovate. In most cases, innovation involves the implementation of new technologies. Whether it is customer relationship management (CRM), e-business or employee portal initiatives, insurance companies are under pressure to update their technology infrastructure in order to remain competitive.
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