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| Tech Decisions Online Expert Series: Part I
| February 3, 2010 |
Getting Ready for Spring
With the cold, dark days of the recession hopefully behind us, what now?
By Rod Travers
With apologies to Punxsutawney Phil, the economy has been seeing its shadow for well over two years now. It's also been a long winter for the insurance industry, and it's about time we had some springtime weather around here. The economy is beginning a fragile recovery, tempered by factors such as housing and automobile sales, which continue to fluctuate and even contradict expectations from one month to the next. And unemployment remains uncomfortably high.
With all of these factors in play, IT has to perform a balancing act to support present-day priorities such as cost containment and efficiency while preparing for and helping to enable a return to growth. It will be a while before premium growth returns to pre-recessionary levels, but we know it will come. In the meantime, how can IT help carriers maximize profitability right now as well be ready to smoothly handle increasing demand as it returns? Here are some suggestions:
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Improving process performance should be a top priority in good times and bad. The cost savings potential is huge. IT can play a key role here by pushing underutilized process automation tools, such as BPM and workflow, deeper into the organization. Seek and destroy manual workarounds and shadow systems. |
Read more suggestions here …
Thursday, February 25 at 2 PM EST
Will your business bounce back in 2010? Learn what you need to do now to make sure your profits grow in this Web Seminar. Join us as industry experts and advisors discuss their forecasts for this year. Plus, you'll have a chance to ask your own questions.
What you'll learn:
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Essential steps to take now in order to be profitable |
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Business plan tips from industry experts and advisors |
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How insurers and vendors can partner together for growth in 2010 |
Register Now!
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