In recent years, insurance companies have spent more money on legacy system maintenance than on packaged software applications, according to industry experts.There are several factors influencing this trend, but one undoubtedly stands out: Many insurers concur that there's a lack of robust software application options to fulfill their needs.
A newly launched initiative by Armonk, N.Y.-based IBM Corp. might have what it takes to pique insurer interest in software application investments.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access