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.

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