Reducing costs and stimulating corporate growth can be a tough proposition for insurance companies. Often, reducing costs only serves to inhibit growth as a reduction in spending undermines targeted growth areas.A new study released by three insurance industry technology providers delves into the challenge life and annuity insurers are facing as they strive to remove costs from the equation while ensuring corporate prosperity, as defined by profitability.

The study, titled "Walking The Tightrope: Improving Profitability While Reducing Costs," was conducted by three Canadian technology providers: SOLCORP, Toronto; DSPA Software, Mississauga, Ont.; and Whitehill Technologies, Moncton, New Brunswick.

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