Technology Priorities and Spending in the Life Insurance IndustryMay 1, 2013.
What is the outlook for technology investments and spending in the life and annuities industry? As the industry begins to emerge from the financial crisis, insurers are cautious, but many insurers are preparing for brighter days while they replace their portfolios and look for new opportunities. The market opportunities are there—30 percent of US households have no life insurance, and many people are not confident about their retirement savings. The challenge is for insurers to create innovative products and reach new market segments.