Internet News Internet Investing Internet Technology Windows Internet Tech. Group coverage, individual coverage, risk management, and benefits management are just samples of the different niches within the insurance vertical of the ASP market. The Applications Services and applications in this vertical range from general service portals to industry specific solutions delivered by ASPs. As a paper-intensive business handling hundreds of thousands of new claims every year, the insurance market is one that can benefit from the digital age. Forecasts for growth in the industry suggest that it will happen rapidly.
Rapid growth presents perhaps the biggest challenge to ASPs within the vertical.
Rushing to be the first to market can often be problematic as this occasionally results in less than perfect applications. Costs Insurance applications are like any other ASP application. They can be offered in a variety of formats, and can range in cost from a few dollars to several thousand dollars per month. In addition, the offerings within the vertical differ as significantly as prices and incrementation. The Players Forming the crux of the market for ASPs are those that provide risk management, benefits administration, human resources, payroll, budget preparation and billing solutions.