As per Gartner, the market analyst firm, Indian insurers are expected to spend $1.8bn on IT products and services this fiscal, an increase of 11.7% over last year. Insurers in India had spent $1.6bn on such services in 2010-11.
This clearly indicates that Indian insurers are finally opening up to technology and adopting it more openly in an effort to drive efficiency across the insurance business value chain. Evolving regulatory changes, volatile economic conditions and catastrophic events are compelling insurers to streamline and apply more thought to their business processes.
This clearly indicates that Indian insurers are finally opening up to technology and adopting it more openly in an effort to drive efficiency across the insurance business value chain. Evolving regulatory changes, volatile economic conditions and catastrophic events are compelling insurers to streamline and apply more thought to their business processes.
No comments:
Post a Comment