Study: Policy-administration upgrades boost efficiency, satisfaction

04/12/2012 | PropertyCasualty360

Data accessibility and speed to market have improved for more than 50% of property/casualty insurers implementing new policy-administration systems, according to a Novarica study. Insurers said they were able to enhance their business-user satisfaction and distributor service and to reduce technology risk because of the systems, the study found. "P&C insurers are replacing their core policy-administration systems at an unparalleled rate, and these findings underscore why," Novarica's Chad Hersh said.

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