While the number of legacy systems in operation continues to decrease at a significant rate, there has been very little improvement in the overall success rate of policy administration replacement projects, according to new survey results from Strategy Meets Action.
Perhaps in response to these continued challenges — for a list of the 10 most-cited pain points by P&C insurers for policy administration replacement projects, click here — a remarkable number of insurers” are looking into cloud-based systems, which range from SaaS solutions to hosted policy systems maintained in the cloud.
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