New York — Margin compression and continued pricing erosion will put increasing pressure on the insurance industry to achieve top-line objectives in 2008, according to Ernst & Young's Global Insurance Center.

"Enabling technologies and the ability to effectively access, manipulate and leverage data across the enterprise will be key for the insurance companies that are able to overcome these challenges," says John Varricchio, spokesperson with Ernst & Young. "Improved automation, data integration and business intelligence will allow IT organizations to align with the business strategy to streamline processes, improve analysis and decision making, and improve interaction with agents and customers."

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