A prolonged soft market, an erratic business cycle, and tremendous losses from manmade and natural catastrophes are putting pressure on reinsurers to adapt and come up with creative solutions. In response, reinsurers are focusing technology investments on attracting insurer clients and improving profitable decision-making.
Life divisions in multi-line companies are expected to produce digital experiences and technological capabilities comparable to their property/casualty counterparts—all while executing projects with leaner budgets and challenging data and application management issues.
