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Research and Markets: Ict Spending by Insurers in India Stood at INR 76.17 Bn in 2011 and is Expected to Grow at a CAGR of around 14% in Next 4 Years, Finds Netscribes
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/df19ba/ict_in_insurance_i)
has announced the addition of the "ICT
in Insurance Industry in India 2012" report to their offering.
Netscribes (India) Pvt. Ltd. launches a report on the ICT adoption in
Insurance Industry in India 2012 covering a market with strong growth
potential. It is a part of Netscribes' Information Technology Series.
Mumbai, Inda - February 20, 2012 -With the ongoing growth in customer
base and daily transactions, insurers in India are gradually shifting
their focus towards the adoption of ICT oriented tools, services and
platforms. Netscribes (India) Pvt. Ltd., a knowledge consulting
solutions company, announces the launch of its report ICT Adoption in
Insurance Industry in India 2012.
Till now, the ICT adoption in insurance industry has occurred in a
phased manner, wherein it has exhibited a steady but impressive growth
rate over the years. Judging by the current scenario in the market, ICT
spending by insurers in India stood at INR 76.17 bn in 2011 and is
anticipated to grow at a CAGR of around 14% till 2015, says Mr. Kalyan
Banga, Product Manager at Netscribes.
Maturing along with technology standards, the current ICT landscape
within the insurance industry can be associated with rising demand and
cut throat competition amongst the ICT vendors. Types and attributes of
the solutions that experiences the most demand within the insurance
sector have also changed over the years. Primarily, technologies focused
to provide better customer services are preferred the most.
Analysis of colossal amount of data and information along with
generating insights from these data are also experiencing exponential
surge in demand. Advancement in the field of mobile technology and the
immense popularity of social networking sites has also grabbed the
attention of industry significantly, noted Kalyan. Read more inside ICT
adoption in Insurance Industry in India 2012
For more information visit http://www.researchandmarkets.com/research/df19ba/ict_in_insurance_i
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