Insurers face daily challenges when it comes to managing their operational processes, according to AutoRek's 2023 Insurance Industry Outlook. (VectorMine/Adobe Stock) Insurers face daily challenges when it comes to managing their operational processes, according to AutoRek's 2023 Insurance Industry Outlook. (VectorMine/Adobe Stock)

The insurance industry plays a critical role in safeguarding individuals and businesses against financial risks. Since the turn of the century, rapidly advancing technology has catalyzed permanent changes within the industry and, as a result, has left insurers seeking to manage change on all sides.

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