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The challenges in compensation are becoming more evident as the insurance industry transforms itself into the one-stop financial supermarket for insurance. Read on to learn about emerging compensation practices.

The challenges in compensation are becoming more evident as the insurance industry transforms itself into the one-stop financial supermarket for insurance. Read on to learn about emerging compensation practices.

Insurers are already seeing the benefits of consolidating core processing for all lines of business on a common set of systems, and they should take a similar approach for customer communications as well.

Insurers are already seeing the benefits of consolidating core processing for all lines of business on a common set of systems, and they should take a similar approach for customer communications as well.

Scalability up to a modern PAS to handle 10 million to 40 million policies is a big challenge; everything that makes contemporary systems so usefulconfigurability, advanced functionality, flexibility and workflowcan exact a price in performance.

Scalability up to a modern PAS to handle 10 million to 40 million policies is a big challenge; everything that makes contemporary systems so usefulconfigurability, advanced functionality, flexibility and workflowcan exact a price in performance.

Although insurance-technology budgets are increasing for 2014, spending ratios remain within historical ranges, and the overall trend for the industry appears to be continuity and incremental advancement rather than giant leaps forward, according to a recent report.

Although insurance-technology budgets are increasing for 2014, spending ratios remain within historical ranges, and the overall trend for the industry appears to be continuity and incremental advancement rather than giant leaps forward, according to a recent report.