In comparing insurance software deals from the last three years, research group Celent found the growth factor in 2006 was somewhat less than what was discovered in 2005, but that fact can't deflate any of the excitement over last year's 44 percent growth rate, according to Craig Weber, author of the report titled "Insurance Software Deal Trends 2005-2006."

The increase in deals from 2004 to 2005 was 74 percent, indicates Weber, but the senior analyst in Celent's insurance group doesn't see any reason to be anything but optimistic. "We do not get the sense carriers are slowing their search for new software," he says.

Weber has no reason to doubt the numbers, either. "We've followed up with a lot of the vendors and our carrier-clients to do a little reality check on the numbers, and everything seems to be pointing toward increased activity," he says. "Everyone is optimistic about the sales environment for insurance software."

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

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