PISCATAWAY, N.J., April 6, 2017 /PRNewswire/ -- ValueMomentum Inc., a provider of software and services to the insurance industry, announced that its Insurance IT Services have been profiled in an updated report published by Novarica, a leading insurance research, advisory and strategic consulting firm. ValueMomentum's client base, breadth of services, and insurance consulting resource pool serving North American insurers have all grown substantially since the last edition of the report.
The Novarica IT Services for Insurance Market Navigator report focuses on IT Service providers for insurers, including both ongoing application development and maintenance (ADM) services, and project-based services.
"Insurance CIOs face increasing challenges, including modernizing legacy systems, providing innovative solutions for customer engagement and keeping technology up to date and secure," said Tom Benton, Novarica's Vice President of Research and Consulting. "With limited internal resource capacity, many are looking to partner with IT services providers like ValueMomentum and others to help meet these challenges."
The number of ValueMomentum's IT Services customers increased by 31% over the previous year. Across tiers in the property/casualty market, ValueMomentum ranked 13th in terms of number of North American insurance customers.
"We are pleased to report that ValueMomentum experienced significant growth over the past year with existing and new customers, including wins spanning digital engagement, cloud services, data sciences and DevOps," noted James Carlucci, ValueMomentum's Vice President of Insurance. "In our surveys, customer satisfaction scored consistently high across our customer base resulting in 100% customer retention and referrals of new clients."
To obtain a copy of the ValueMomentum IT Services profile in the report click here.
ValueMomentum provides software and services to Insurance, Healthcare & Financial Services firms. Customers choose ValueMomentum due to the company's track record of delivering value and driving the momentum of customers' business initiatives. ValueMomentum accomplishes this by applying a time-tested formula of combining strong technology expertise with deep industry experience. For more information, visit www.valuemomentum.com.
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SOURCE ValueMomentum, Inc.