E-Commerce Watch - web-enabled brokers in 3 years
PricewaterhouseCoopers and the Economist Intelligence Unit estimate 93% of insurance intermediaries w...
PricewaterhouseCoopers and the Economist Intelligence Unit estimate 93% of insurance intermediaries will web-enable their back-end processing of policy applications in the next three years.The companies' joint report, "E-insurance: Creating a competitive advantage" found that currently only 7% of intermediaries have done so.
The report found respondents expect e-business to realise 19% average annual savings in three years, compared with an average 7% today.
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