Insurance deal activity for North American property & casualty software vendors increased as more investments were made in infrastructure, according to Celent, which released its “North American Insurance Software Deal Trends 2013.”
Celent analyzes deal data provided by software vendors active in insurance inNorth America. A close look at overall 2011 and 2012 deals that fall into each metacategory and subcategory shows that insurance carriers have continued with their sluggish purchases of software, but 2012 shows a glimmer of hope for a turnaround in the market.
Deals for property/casualty software were flat compared to the last report, but a like-on-like comparison to the last two years' results shows that many vendors saw a decrease in deals each year since 2010. The infrastructure and financial metacategory was a key driver of this report's volume, as insurers increased their purchases of data mastery tools. When compared with the previous report, deal volume in this category rose by nearly six percent.
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
Already have an account? Sign In Now
© 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.
