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According to a leading futurist, the real risk in the industry, may be the risk of doing nothingof failing to adapt to the rapid, and global, pace of change in a business that increasingly and continually must prove itself responsive to consumer needs, wants, expectations, and trends.
A recent paper on insurance supervision by a Wharton School professor suggests that the industrys current state-based regulatory system is out of date. The industry should be mindful of the issue, but Congress' priorities are elsewhere for the moment.
A recent paper on insurance supervision by a Wharton School professor suggests that the industrys current state-based regulatory system is out of date. The industry should be mindful of the issue, but Congress' priorities are elsewhere for the moment.
As premiums have grown, so have insurers IT budgets. But despite all the buzz around newer technologies, the three big areas of investment for insurers continue to be traditional areas of legacy system replacement, business intelligence and portals.
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