Eighty-eight percent of insurers said that addressing aging technology systems is a top-three challenge for 2015, according to Towers Watson’s” Insurance Industry Outlook 2015” survey.
The poll of 335 P&C and life insurance executives found anxiety over technology eclipsed talent shortages (ranked in the top three by 78 percent of respondents) and inadequate capital (39 percent) as the prime resource-related challenge for the year. Forty-one percent said technology upgrades were their No. 1 concern.
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