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Insurers spend most on core processing software

Celent concludes that core processing deals accounted for the largest spending by insurers on software in 2011/2012
Celent concludes that core processing deals accounted for the largest spending by insurers on software in 2011/2012

Core processing software deals accounted for the largest spending by insurers for software in 2011 and 2012, according to a new report.

Celent, a research advisory unit of the management consulting firm Oliver Wyman, New York, discloses this finding in “North American Insurance Software Deal Trends 2013.” The report is based on 1,475 software deals between insurers and software vendors that occurred in 2011 and 2012. Of the total collected by Celent, 64 percent of the deals involved property/casualty insurers and 36 percent involved life/annuity/health insurers.

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Nichole Morford

Nichole Morford
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