The prolonged soft market and decline in investment income has left property/casualty insurers in a tough place.
A new report from Capgemini concludes that investment in core systems such as policy administration and underwriting is the most viable path to future growth. The firm’s “World Insurance Report 2012” notes insurers are powerless to change the macroeconomic conditions sapping demand and should instead focus on rationalizing their cost structures and reducing expenses.
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