TORONTO, April 6, 2004 - SOLCORP, a leading provider of software solutions to the life insurance and financial industries and a subsidiary of EDS, announced today that it is co-sponsoring a global insurance survey in conjunction with partner companies Whitehill Technologies and DSPA Software.
Entitled Walking the Tightrope: Improving Profitability while Reducing Cost, the survey explores how insurance and annuity companies are handling the balancing act of reducing costs and achieving growth in today's challenging business environment. It also provides a unique way for business and IT executives to examine today's mission-critical business issues, including:
· Strategies for improving customer service and distribution channel performance
· Approaches to measuring and improving product profitability
· Balancing outsourcing drivers and risks for maximum results
The results will be published later this year, but all participants will receive exclusive early access to the findings, which will be compiled into a comprehensive industry whitepaper. The whitepaper will provide an in-depth look at the industry, allowing participants to compare experiences, strategies, and opinions so they can find new ways to remain competitive.
"Never before has the insurance industry faced so many challenges and issues from so many different angles," said Mark Cline, Senior Vice President, Strategy and Global Initiatives, SOLCORP. "With topics ranging from regulations to outsourcing to customer service, this survey covers all the hotspots that keep insurance decision makers up at night. The results promise to deliver eye opening perspectives of how organizations are walking the fine line between leveraging existing resources while investing for the future. The final whitepaper should prove to be an invaluable resource to any insurance executive serious about improving their company's bottom line."
Participation is open for a limited time for IT and business executives (e.g., CEOs, COOs, CTOs and CIOs) in the life insurance and annuity industry. The survey takes approximately 15 minutes to complete, and is available online at http://www.solcorp.com/tightrope.
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