Participants in StoneRiver's fifth annual P&C Insurance Technology survey report the top business need that drives IT initiatives is overall administrative efficiency. Accurate risk pricing was the second need mentioned, with a tie for third place between access for distribution channels and optimizing IT operations.
The StoneRiver survey asked chief information officers at U.S. property/casualty insurance carriers about their companies' priorities, IT direction, and status of services and architecture.
In the latest survey, prioritization of large-scale projects revealed that the top three projects included agency interface (48 percent), analytics/business intelligence (42 percent), and policy administration projects (39 percent).
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