Report: Market changes spur specialty insurers' IT investments

04/2/2013 | Business Insurance (tiered subscription model)

Specialty insurers are focused on investing in replacements of policy-administration systems and other technologies that support growth, reduce costs and enhance operations amid an evolving market, according to a Novarica report. "With the ability to accommodate a wide variety of risks, the specialty market requires a significant amount of operational flexibility to meet the needs of the insurer and the insured," the report says.

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