Abstract
This Financial Insights report identifies the top 10 initiatives that will have
key strategic importance during 2007 for the life and non-life insurance
industry. We describe these initiatives, examine their impact on the insurance
industry and technology firms that serve the insurance industry, and explain
why they should be on the minds of chief executive officers at every insurance
company worldwide.
"The insurance industry is experiencing a shift from doing business in a world
of risk to doing business in a world at risk. This seemingly subtle shift in
wording affects how the world conducts business and therefore the market for
insurance coverage and services. Our 2007 forecast of the top insurance
strategic initiatives reflects the actions required for insurers to seize the
day. It is unacceptable for insurers to be buried beneath the reforming risk
landscape, which will happen if they continue along a path of the status quo.
We discuss five key interdependent disciplines insurers must balance to ensure
that does not happen." - Barry Rabkin, senior research analyst, Financial
Insights
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