New Tech Extends Mainframe Uses

There is no doubt that its been a difficult year for insurance carriers. Many have experienced dwindling capacity, rising premiums for reinsurance, and an increase in the frequency and number of liability claims. Now add the prolonged stock market retraction and the ongoing risk of a terrorist attack, and youve got the makings of a tough environment.

While the economy as a whole has taken its knocks, this reality has not lessened the industrys need or desire to innovate. In most cases, innovation involves the implementation of new technologies. Whether it is customer relationship management (CRM), e-business or employee portal initiatives, insurance companies are under pressure to update their technology infrastructure in order to remain competitive.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.