Filed Under:Your Practice, Practice Management

Survey: U.S. insurers gearing up for growth, tech advancement

Investment in technology is the number one priority for 60 percent of respondents.
Investment in technology is the number one priority for 60 percent of respondents.

While nearly half (49 percent) of U.S. insurers cite U.S.-based insurance companies as their biggest competition, a significant segment (30 percent) believe non-conventional sources are the biggest threat.

Xchanging Plc, a business process, procurement and technology services provider, unveils this finding in “The 2014 Insurance Technology and Spending Trends Report.”  The 15-question survey encompasses responses from 75 insurance industry practitioners conducted at the Acord Loma Forum, May 4-6, 2014.

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Nichole Morford

Nichole Morford
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