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Life and annuity insurance
Step up or be sidelined
The life insurance and annuity carrier (L&A) industry is amidst a barrage of pressures on multiple fronts. Read our point-of-view series focusing on the implications to L&A CFOs and Finance executives.
The L&A industry has fallen short of US GDP for the past several decades due to prolonged low interest rates, capitally intensive annuities, and healthcare reform’s rising costs. Beneath the veneer of challenges lie opportunities. To thrive in a complex ecosystem, leaders must galvanize the organization. Enterprises that balance financial viability with the consumer value proposition can stimulate growth and triage risk.
To survive and thrive, finance chiefs must address business challenges by championing and leveraging the unique lens analytics provides. As an enterprise’s analytical sophistication increases, its perspective evolves methodically from hindsight to insight to foresight. Along with prolific web, mobile, and social platforms come opportunities to uncover insight about customer behavior, reveal trends, and optimize the decision-making process.