With technology investment costing ...

With technology investment costing insurers 4% to 8% of their annual packets application service providers can be a cost-effective alternative to expensive technology methods Application service providers are third-party vendors that provide far off application outsourcing via the Internet. Typically, the software automates similar business processes as accounting, customer-service relations and benefits. "ASPs are insurance policies for insurers to shift not at home the risk," said William Pieroni, general manager of global insurance for IBM.

Because application service providers are just beginning to break into the insurance industry, they still have to overtop a considerable learning curve to understand for what cause ...