Insurance leaders are trying to strike the right balance between maintaining their old income-generating assets and making new investments to modernize their businesses while maintaining their desired expense, loss and combined ratios. They are also trying to determine how fast they need to transform to manage competitive risk from possible new entrants.
Based on our research and interviews of major insurers and research, we discuss what they are doing to modernize their businesses to compete more effectively, and to stay relevant. The paper focuses on how these insurers evaluate and manage risk and cost principles for their insurance technology investments, and how to find the right balance between maintaining their existing solutions and making investments to capture new opportunities.
Complete the form to download this paper and discover the top 10 provocations and responding behaviors of major insurance organizations that are taking action to ensure they will be able to endure in the future.