The tough economic realities of the past year have led insurers to fundamentally re-evaluate how they interact with IT vendors. However, the response has been anything but uniform.
Some carriers have transitioned to a tactical focus, dealing with individual, isolated challenges. It's easy to see why. When push comes to shove, pressing issues still need to be handled. Priorities rule. Overreaching in a tough climate can open the organization to undue risk.
On the other hand, there are carriers that have maintained a strategic plan for vendor partnerships in spite of the temptation to do otherwise. They have used the increasing sense of urgency caused by stalled growth rates to revise how the basic carrier/vendor partnership functions in a modern, information-driven economy.
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
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
