Like any other industry today, technology has become a must have feature of insurance industry. It not only adds value to the business, but also acts as a differentiating factor that provides competitive advantage to insurance companies. The better you make use of this valuable resource, the higher you stand on the competition ladder.

Anand Vyas, Head, Banking, Financial Services and Insurance, SQS Software Features, in his article at itproportal.com, has shared 5 best practice guidelines to ensure the technology is ultimately meeting the business need. They are:

1. Understand demand and business requirements

2. Create a strategic roadmap and business case

3. Analyze applications and business capabilities

4. Adopt a risk-based testing approach to implementation

5. Take an agile approach

To understand them in detail, please visit the following link:

http://www.itproportal.com/2015/06/08/technology-is-the-key-to-the-insurance-sector-and-heres-why/