Insurance AO Activity Doubles

The demand for insurance application outsourcing is expected to remain strong over the next five years.

INN Breaking News, January 7, 2014

Carrie Burns

As P&C and life insurers seek to enhance customer experience, manage risk optimally and improve profitability, digital technologies becomes ever important. As a result, the number of large, active insurance-application outsourcing contracts more than doubled in 2012, according to a report from Everest Global Inc. And the demand for large-sized deals, those with total contract value greater than $25 million, continues to rise. Large deals accounted for one-third of all deals signed in 2012, the report states.

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