Competition to sell technology in the insurance industry is fiercely intensifying, as more players enter the fray and the specter of recession-induced cuts in information tech budgets looms on the horizon.
When considering the vendor-dominated steel cage match that the ACORD LOMA Insurance Systems Forum has become, however, it's always a good idea to keep an eye on what the big dogs are doing.
In this case, of course, the canines we're referring to are tech industry giants Microsoft Corp. and IBM. Surprisingly–or perhaps not so surprisingly–the longtime rivals were pretty much taking the same approach at last month's ACORD LOMA conference in Las Vegas.
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