期刊名称:International Journal of Business and Management
印刷版ISSN:1833-3850
电子版ISSN:1833-8119
出版年度:2011
卷号:6
期号:2
页码:125
DOI:10.5539/ijbm.v6n2p125
出版社:Canadian Center of Science and Education
摘要:The use of Information Technology (IT) by business firms has increased tremendously, so is case with insurance industry. In an IT based economy the need for E-Insurance has become imperative to meet the current challenges of the 21st century. The Insurance companies in the world are using IT to increase their productivity/income and customer base by using latest IT systems. The Pakistan’s insurance companies are not lacking behind and using latest IT systems for performance improvements. E-Insurance in Pakistan is growing rapidly. There are changes taking place in the IT landscape of Pakistan’s insurance industry. The purpose of this paper is to know about the IT usage in the insurance industry and where Pakistan stands in terms of IT adoption at its major institutes like the State Life Insurance Corporation of Pakistan. The results of this study showed that IT is being utilized aggressively in insurance sector. The State Life Insurance Corporation of Pakistan is also increasingly utilizing Information Technology (IT) since long but its efforts are not properly aligned with its current need and at par with the world. The company is working with old/outdated IT systems products and needs to revolutionize its IT usage to have Web based internet integrated systems. There is a dire need that the company must implement an ERP system to become more competitive.