Abstract
This Financial Insights report provides our inaugural annual analysis of
strategic initiatives for Asia/Pacific' s insurance sector. It amalgamates
opinions from our regional analyst teams and industry practitioners on the 10
key issues that should be on insurers' planning agenda for 2007. With
technology increasingly playing a fundamental role in the attainment of
business objectives, these perspectives marry the technology and business
strategy angle of issues that should be foremost in the minds of management.
"Priorities this year focus on broad themes around sourcing and integration,
channel management, emerging technologies, and risk and compliance," comments
Li-May Chew, CFA, senior research manager for Financial Insights' Asia/Pacific
Insurance Advisory Service. "Insurers that wish to prosper should analyze their
competitive situation and business strategy to determine which among our key
recommendations to adopt, examine their vendors' viability, and strive to be
quick technology adopters. Also, insurers should look beyond the traditional
structure or process to drive innovation and change and always, always, seek
executive backing for the cause."
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