10 Threats and Opportunities for P&C Insurers in 2013

P&C insurers face a number of financial, marketing, management and regulatory challenges in 2013. In a new report, Deloitte goes even deeper to break down the year's 10 biggest hurdles.

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6. IT system consolidation

Legacy systems will need to be modernized to meet stakeholder expectations. The report declares that "How effectively an insurer integrates technology within each function, and creates business process improvements as a result to enhance the customer experience, is likely to determine the industry's long-term winners." Also, as more and more carriers meet tech basic demands, disruptive technologies will become an even more attractive way to gain an edge.


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