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By undertaking significant organizational design changes, insurers can unlock the complete value potential of emerging technologies. <i>(Credit: sdecoret/Shutterstock.com)</i> By undertaking significant organizational design changes, insurers can unlock the complete value potential of emerging technologies. (Credit: sdecoret/Shutterstock.com)

Some people like to refer to insurance as a “fast follower.” This criticism is not without significant merit. Nowhere is this more noticeable than in the technology infrastructure that exists within insurers.

The manufacturing industry developed enterprise resource planning (ERP) platforms back in the 1960s to assist with supply chain management. These ERP systems were the industry’s response to trying to build a unified platform. When you compare insurance enterprise software providers with some of these well-established players, they include:

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