Many life and health insurers bought document management systems in 2008, according to Celent L.L.C.
The number of major life and health deals announced by software vendors rose to 255 in 2008, up 13% from 225 in 2007, Craig Weber, a senior vice president at Celent, Boston, writes in an insurance software deal review.
The number of deals involving document and content management systems increased to 154, up 23% from 125, while the number of deals involving core processing systems fell 23%, to 23, from 30, Weber writes.
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