An examination of the activity between insurers and technology vendors over the last eight quarters shows carriers are shoppingand deal making continues to grow.
Activity between insurance carriers and technology firms, particularly in the core processes, continues to grow, according to Craig Weber, senior analyst for Celent Communications and author of Insurance Software Deal Trends 2003-2004.
Its pretty clear from the overall volume trend deal activity has been rising and has been for the last eight quarters, Weber says. If anything, activity has accelerated somewhat, which maps pretty well with what weve been hearing anecdotally.
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