Research firm The Ward Group and insurance software provider FirstBest Systems surveyed 75 property and casualty (P&C) insurance carriers. They found that carriers understand the value of strategic technology investments to improve underwriting and beat the soft market, but only 6% of the survey respondents indicated their companies would spend significantly more, i.e., increase spending more than 10% on technology for underwriting and related activities. (PRWeb Sep 16, 2008)
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