For the Accenture High Performance Finance Study, we surveyed more than 600 senior finance executives across several industries. Thirteen percent of respondents were from the insurance industry. In this Insurance Chart of the Week, we’ll examine their key challenges in addressing new risk, regulatory and compliance requirements.

Insurers’ top four challenges in addressing new risk, regulatory and compliance requirements

Insurance respondents challenged by issues around applications, processes, organizational models and governance
Click the image above for a large version of the Insurance Chart of the Week (opens in a new window).

Ongoing regulatory changes, complex legacy systems and changes in technology pose challenges and opportunities for insurers. Leading insurers will take the opportunity to go beyond mere compliance and drive changes that lead to customer-centricity, agility and flexibility—drivers of high performance.

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