Insurance companies to update their technology
Insurance companies must update their technology to deal with complex business practices, according ...
Insurance companies must update their technology to deal with complex business practices, according to a new report, Rating in the UK General Insurance Market, from Celent, a financial research and consulting firm. Celent claimed the evolution of pricing and rating approaches was starting to overwhelm the largely bespoke technology that supported it. It added that complexity continued to grow as insurers applied new strategies, added data sources and distributed rating functionality to disparate
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