Whether you are on the business or IT side, the thought of bringing new insurance products to market is oftentimes fraught with turmoil. Once a company has assessed who needs what product when, why and for how long, the real work begins. Deadlines are established, teams from all areas of the organization are assigned and organized, and the technology backbone that will make meeting those deadlines possible must be shored up.
Along the way, someone in senior management has probably used the terms “speed to market” and “agile enterprise,” making some team leaders shudder—because product development processes for many organizations continue to be highly manual, inefficient and, therefore, expensive.
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