|
Tech Decisions Online Expert Series: Part II
| February 10, 2010 |
GREEN SHOOTS
Underwriting and claims are two areas on which IT can exert a positive impact to support growth.
By George Grieve
Is the glass half empty, or is it half full? By many measures the insurance industry
has had the worst couple of years in a long time—and yet the industry, particularly
property/casualty, rode a mild hurricane season, redundant reserves, and the
nondiscretionary nature of its business to an encouraging conclusion in 2009. A
weakened but still strong insurance vertical is poised for growth in 2010 and beyond,
assuming the "green shoots" keep sprouting and growing.
Where would growth come from? Any general uptick in economic activity will generate a
larger insurable pie. But insurance is a mature industry marked by slow growth and
low profit margins. Many of its products are regarded by the purchasing public as
commodities that are bought (and sold) largely on price. How can the IT shop of an
insurance carrier help position the company for growth? There are a couple of obvious
levers IT can help to pull in combination with its business partners.
Read full article 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:
• |
Essential steps to take now in order to be profitable |
• |
Business plan tips from industry experts and advisors |
• |
How insurers and vendors can partner together for growth in 2010 |
Register Now!
|
|