The top business need driving 2012 P&C insurance technology initiatives is growth, according to a survey released today by technology solution provider StoneRiver Inc. The survey queried IT leaders at U.S. P&C insurance carriers, funds and administrators about priorities, IT direction, and status of services and architecture.
Accurate risk pricing in underwriting and enhanced overall administrative efficiency tied for second place, says the company. According to survey results, policy administration projects scored highest in the prioritization of large-scale projects (53 percent). Analytics/business intelligence projects were the second highest priority (47 percent).
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