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The tightrope between spending too much money and having too little time, and vice versa, creates a challenging to walk for insurance executives. (Photo: pathdoc/Adobe Stock) The tightrope between spending too much money and having too little time, and vice versa, creates a challenging to walk for insurance executives. (Photo: pathdoc/Adobe Stock)

Editor’s Note: This is the first installment of a four-part series written exclusively for PropertyCasualty360.com that explores how insurance executive “fears” prevent carriers from effectively embracing technology for transformation.

It is challenging to run an insurance business. Competition is fierce, the industry is complex, and constant pressure mounts on IT teams to outpace agile market entrants. In this demanding environment, the CIO has one objective: leave a lasting legacy for the business. This comes down to selecting the right technologies to achieve growth, based on business need, without blowing budgets and timescales.

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