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The Accenture Technology Vision 2012 report for the insurance industry outlines opportunities for forward-thinking CIOs to position technology as a way to drive growth for their businesses, rather than only as a means to cut costs and improve efficiency.
As customer demands increase and insurance companies focus growth efforts on emerging markets, insurers will need to develop simple, focused products and improve the customer experience. As expectations regarding cost-to-income ratios mount and regulatory pressures intensify, insurers will also have to leverage low-cost channels and deploy proven, competitive underwriting strategies—all while using regulatory requirements as sources of competitive advantage rather than matters of compliance.
Accenture has identified six technology trends that will influence insurance over the next three to five years:
This paper gives Accenture’s view of what will influence the choices of CIOs in the insurance sector.
Register to download the full article [PDF, 1.72 MB]
July 18, 2012
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