The past several years have been financially devastating to the insurance industry. Flagging interest rates, a volatile economy and continued growth stagnation across insurance segments have forced many insurers to shelve new productivity initiatives and cut costs to achieve financial targets.On top of these economic challenges, business and regulatory reporting requirements are increasingly complex. In addition, partner and customer demands are multiplying, and legacy systems are aging and failing.
As a result, the ability of insurers to effectively and efficiently develop, distribute and manage their products while meeting an ever-increasing set of compliance demands is increasingly difficult.
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