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Our Bureau

Bangalore, May 23

Infosys Technologies Ltd has said that a comprehensive study on underwriting in the $222 billion commercial lines insurance industry had revealed that US-based Property and Casualty (P and C) insurers are taking new approaches to risk assessment and acceptance to sustain profitable growth in their business.

The study, commissioned by Infosys and conducted by TowerGroup, was designed to assess the strategic direction and readiness of the commercial underwriting market, from both business and technology perspectives.

The study found that P and C commercial insurance companies were choosing to make the strategic shift towards `flow' and `transaction' underwriting to build competitive advantage and gain profitable market sharesClose to half of the respondents (48 per cent) felt that business process management (BPM) and modernisation of legacy platforms were their main IT priorities

More Stories on : General Insurance | Software | Infosys Technologies Ltd

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