The financial crisis badly battered the financial strength and reputation of US insurance companies. The crisis also reshaped the market to the point where competitive success mandates that insurers generate profitable growth rather than controlling expenses or streamlining processes. This necessitates insurers to consider technologies supporting growth initiatives.
Scope
-US Life & Annuity and Property & Casualty insurance companies
-This report covers strategies US insurers should pursue post-crisis
Highlights
The financial crisis has brought into sharp relief two lessons for US insurers. One, implement a growth strategy and two, adopt four business imperatives addressing market behavior, risk awareness, long-term financial viability and providing a compelling customer experience.
Technology firms have to decide how to support insurance companies post-crisis: offer a portfolio of insurance services and solutions that support insurers needs in the post-crisis market or one that perpetuates a pre-crisis strategic perspective.
Reasons to Purchase
-This research enables insurers to select from several growth strategies
-This research specifies four business imperatives insurers must adopt
Product samples
A sample for this product is available. Please Login/Register to download this sample.
