Competitive pressures will force insurance companies to get serious about rationalizing the number of operational systems they support, notes a report issued by research and advisory firm Financial Insights, a Framingham, Mass., IDC company. The focus on rationalizing operational systems is one of the top 10 IT initiatives that will have key strategic importance for insurance organizations worldwide in 2006, according to the firm.

In its report, "Top 10 Strategic Initiatives for 2006: Insurance Industry Must Pick Up The Pace," the firm identifies and describes the initiatives, examines why they will have an impact in 2006 and explains why they should be on the minds of business and technology executives at insurance companies and vendors serving the industry.

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