Compart is now part of the honored group of companies, on CIOReview Platform - Insurance Tech 2019. To help CIOs navigate through the list of Insurance Technology solution providers, the CIOReview's distinguished selection panel, comprising CEOs, CIOs, CFOs, industry analysts, and the editorial board of the platform narrowed the "20 Most Promising Insurance Technology Solution Providers" that exhibit competence in delivering comprehensive insurance technology innovations.
According to CIOReview, the constant economic growth, towering interest rates, and elevated investment income are considered as the positive factors that appear to be strengthening the insurer results in 2019. The insurance technology industry is now preparing for the stage of enhanced progression in the upcoming years ahead. Since the US property and casualty (P&C) part of the business got off to a predominantly good start in the first half, with a net income that gets twice as much as the previous year.
However, the viewpoint for annuities seems to be much brighter because of the rising interest rates and higher disposable income. The total of US annuities sales are forecasted to rise to 33 percent to $2.8 billion in the first quarter in 2019, compared with previous year results and gain another five percent subsequently. While enhancing the economic conditions in the present year, the short-term vision for insurers in 2020 might have brigthened for many insurers as a rising tide that not necessarily lifts every boat uniformly. There exist plenty of challenges that need to be overcome in the years ahead, as well als opportunities to develop the competitive position and the bottom line of the carrier.
