by: Sarah Joson
Monday, February 24, 2014 | Outsourcing News |
The software segment will be driven by insurance-specific software, making it the fastest external segment. It will also post figures of 12 billion rupees - 18 percent growth this year. IT services, on the other hand, will experience 16-percent growth, the largest segment at 40 billion rupees.
The top groups in the industry are business process outsourcing (BPO) with 25 percent, as well as consulting for insurance-specific application investments at 21 percent.
Gartner’s Principal Analyst Derry Finkeldey said Indian insurance companies are now focusing more on core insurance processes that can help them increase their presence in the market. The insurers turn to the vast volume of local technology providers in India for guidance and supply.
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