It seems in life insurance, many carriers are content with staying the course. Market leaders, on the other hand, are expected by insurance equity analysts to achieve significant growth*. How? High performers are adapting their business and operating models. They’re meeting customers’ changing requirements. And they’re doing it fast—ensuring they’re the first to market. But make no mistake, they’re getting some help along the way in the form of a modernized platform.
Over the next few weeks I’ll talk about the benefits of an optimized operating platform and why, given all the advantages, many life insurers are still stuck in the past. Once insurers have decided to modernize their platforms, there are some important considerations they should heed—I’ll discuss those in my next blog post.
To learn more in the meantime, download Reducing costs and time to market through life platform modernization (pdf; opens in a new window).
* Accenture Insurance Equity Analyst Survey 2012