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.

With this in mind, earlier this year, AutoRek published its 2023 Insurance Industry Outlook, which sought to examine the good, the bad and the ugly issues facing the industry.

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