Financial services research firm validates company's growing presence in life & health insurance market despite economic recession.
Eddystone, PA (PRWEB) June 22, 2009 -- Throughout the economic downturn, insurance companies have consistently focused on proven software initiatives that can deliver value quickly. That's why more and more insurers are choosing InsPro Enterprise -- a single life & health insurance administration platform that can be deployed in weeks for the industry's fastest time-to-value. Further validating this market momentum, Celent's 2009 Insurance Software Deal Trends report recently named InsPro Technologies a leading insurance core systems vendor.
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InsPro ranked #3 among core systems vendors covered in the study. InsPro was also included in Celent's 2009 Traction Index at #18 overall, based on the company's traction with insurance carriers in 2007 and 2008. The Traction Index is a composite measure that considers the type and size of deals, and the size of a vendor's clients signed.
"Insurers' budgets have been stretched thin over the past few years, and Celent's Deal Trends report provides a customer-based perspective on which vendors can offer valuable, high-impact software investments," said Robert Oakes, CEO of InsPro Technologies. "InsPro's unmatched commitment to the life and health sector among the leading core systems vendors, combined with the innovative technology of InsPro Enterprise, really resonates with insurers that are seeking faster product launches, improved business performance and lower costs."
InsPro's momentum is expected to continue throughout 2009 with a robust pipeline of active evaluations and a number of successful go-lives at market-leading insurers and administrators across North America. The company's flagship product, InsPro Enterprise, reaches the entire enterprise from marketing to operations, spans the entire product and policy lifecycle from development to claim, and offers integrated support for all channels, all policies and all users.
"We would like to extend our congratulations to InsPro Technologies for being named as a leading vendor," says Craig Weber, senior vice president of the Celent insurance practice. "We believe that carriers value partners who know the insurance vertical well, and who demonstrate their commitment to it. InsPro's success in insurance puts them in that category."
About InsPro Technologies
InsPro Technologies offers the most comprehensive, flexible and innovative insurance management solutions in the industry. Designed specifically for Life & Health insurers, InsPro Enterprise manages the entire product and policy lifecycle in a single integrated platform. Using InsPro, companies can launch new products in half the time, lower IT support costs by up to 50%, increase customer retention and improve operational performance. Built on a proven and scalable web-based architecture and an insurance-fluent configuration engine, InsPro can be deployed in weeks for the industry's fastest-time-to value. InsPro Technologies also offers hosting and application maintenance for complete support. The company was founded in 1986 and is based in suburban Philadelphia. For more information, please visit www.inspro.com.
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