More than a third of respondents said that if given a blank check to invest in their firm, they would spend the extra money on bolstering technology, according to a new survey of 110 insurance and reinsurance professionals conducted by Guy Carpenter at the PCI Annual Meeting.
“The continued thirst for innovation shows that there is a significant opportunity within the industry to evolve the way insurers use technology to holistically assess risk, identify new growth opportunities, enhance the customer experience, and translate big data into actionable business intelligence,” said Andrew Marcell, CEO of U.S. Operations for Guy Carpenter. “Insurers will need to seize every competitive advantage possible in order to reach their long-term goals for profitable growth and navigate the increasingly complex business challenges that 2013 will undoubtedly bring.”
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