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TMCNet:  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

[February 23, 2012]

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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