Global Trends in Life Insurance: Policy Administration

Publish date:

Key policy administration trends and their implications for the life insurance industry The global life insurance industry witnessed growth in 2010 mainly in the Asian region. The growth trend is likely to continue in 2011, although profit margins are expected to remain under pressure. Regional differences exist, with emerging markets growing at a faster rate […]

Key policy administration trends and their implications for the life insurance industry

The global life insurance industry witnessed growth in 2010 mainly in the Asian region. The growth trend is likely to continue in 2011, although profit margins are expected to remain under pressure. Regional differences exist, with emerging markets growing at a faster rate than mature markets. The industry is witnessing shifting trends in front office, policy administration, and claims—the three core functions of the insurance value chain. In this paper, we explore key emerging trends in the policy administration function as insurers remain challenged by inflexible legacy policy administration systems.

Related Resources

Cloud Transformation: The keys to success

Accelerate your digital transformation by moving to cloud, and add performance and agility to...

The open-source technology opportunity in Payments

While traditional technologies have evolved and continue to work just fine, open-source...