P&C Insurers – Migrate from Legacy Systems to Save Costs and Retain Customers

Recently, the P&C insurance industry has seen a decrease in demand for its products, and consequently a dip in profitability. Factors such as economic recession, the forecast of a moderate hurricane season and lower prices for commercial insurance are the primary drivers for this decline. Additionally, the profitability of insurers is also affected by expenses - such as commissions paid to brokers/agents and other overhead costs. A company that is able to generate premiums with lower... click here for the full blig post