Insurers should focus on updating core systems, expert says

12/12/2012 | PropertyCasualty360

Insurers need to step up their efforts in replacing core systems next year to be able to work on projects including mobility, telematics, advanced analytics and predictive modeling, says Frank Petersmark of X by 2. "Carriers are pushing hard for [core systems], and in 2013 that will be No. 1. It will get the bulk of investment, at least for another year," Petersmark says.

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