More than 150 property/casualty insurers and nearly 50 life/health insurers have made core systems investments in the last two years, according to research and advisory firm Celent. As an increasing number of insurers undertake technology transformations, more are finding the competition for IT talent to be fierce, where insurers are not only competing with peers, but companies from other industries that are sometimes viewed as more exciting than insurance.

According to a recent Accenture survey, 43 percent of the 559 North American commercial lines, specialty lines and reinsurance underwriters that responded say recruiting or retaining talent is one of their top three challenges.

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