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NU Online News Service, May 27, 1:40 p.m. EDT

Of insurance chief executive officers surveyed, only half believe their enterprises are adequately prepared to handle a highly volatile, increasingly complex business environment, according to a survey released by Armonk, N.Y.-based IBM.

IBM said at the ACORD/LOMA conference in Las Vegas that 68 percent of the insurance CEOs surveyed expect the level of complexity to grow significantly over the next five years, but just 53 percent believe they know how to deal with it successfully.

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