Transaction and data exchange, process management, and data quality improvements are the three foundational legs of new business process modernization. Life insurance CIOs are at a pivotal point in using technology to transform new business, not only for the future, but for today.
Impacts and Recommendations
- A Heritage of Industry Hard-Wired Systems Will Stop Life Insurance CIOs From Adapting to Changing Systems
- A Lack of Process Transparency and Poor Process Orchestration Cause Processing Delays That CIOs Must Expedite
- Lack of High-Quality Data and Advanced Analytics Will Limit Any CIO's Ability to Transform Individual Life Insurance New Business Processes
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