Property and casualty claims used to be the kind of career that could last a lifetime. Experience was king and loyalty was highly rewarded. Today, however, the business climate has changed dramatically. In order to gain market share and hold down costs, insurers are constantly on the lookout for mergers and acquisitions (M&As). The 2008 financial crisis is putting even more pressure on insurers to raise capital quickly or seize other opportunities for growth.
However, as we have seen in numerous high-profile insurance mergers throughout the years, M&A activities only yield anticipated results when there is a smooth transition of people, operations, and technology. Nowhere is this approach more crucial than in claims.
Lookout for Land Mines
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
© 2024 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.
