Insurers’ Share of IT Outsourcing Market Increased

In 2012, the overall market declined however, as did contract values and duration, according to an Everest Group report.

INN Breaking News, January 7, 2014

Chris McMahon

The number of information technology outsourcing transactions was flat in 2012 and total contract value declined 25 percent in the banking, financial services and insurance industry. However, the share of those deals in the insurance space increased 35 percent compared to the prior year, according to a report from Everest Global Inc.

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