Competition, regulatory compliance and cost cutting still drive life insurance product lifecycle management (PLM).To remain competitive in an economy with a demographic of escalating baby boomer prospects, developing and maintaining a constant flow of new product offerings requires agility, expert communication between work groups and technology to support the effort.

But are carriers taking advantage of the most efficient processes and technology? As some insurance companies evaluate the promise of new PLM technologies, they are discovering the give-and-take that must occur between IT and product development teams.

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