The insurance industry is increasingly using Agile methodology to improve the quality and delivery time of IT projects, according to a new report from Novarica, a research and advisory firm focused on insurance business and technology strategy.
Agile development centers on adaptive, evolutionary development and continuous improvement to help software development teams build and deliver optimal solutions as rapidly as possible. The adoption of Agile has grown by jumps and starts since the insurance industry began using it around eight years ago, according to the study. However, its use is now ubiquitous, even if most larger insurers use Agile only for a small percentage of their IT projects, according to the report, which is based on a survey of 58 insurer CIOs from the Novarica Insurance Technology Research Council.
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