NU Online News Service

Despite its reputation for risk aversion, insurance organizations are engaging in more technology innovation than the industry is given credit for, a report from the consulting firm Celent said.

In a new report, "A Snapshot of Innovation: An Insurance Market Scan," the Boston-based financial research and consulting firm took a closer look at examples of innovative application of technology in insurance. The report provides several examples of technologies that are being used to create innovation in product and process.

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