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Commentary

New Technology Promises Rewards, Poses Risk

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With the goal of improving profitability through better decision-making and greater efficiencies in core functions, property/casualty insurance executives are counting on advanced technology to help them get the job done. Improvement initiatives range from data integration to investing in new technology for pricing, underwriting and claims, according to a survey by The Nolan Company.

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Comments (1)
With the data and cloud initiatives well and truly moving from velocity to acceleration mode, there is no denying the amount of risks posed at integration points and internet as a whole (a list of them here: http://bit.ly/1qvnyrK)What's important is separating the myth from the facts, knowing your data, sensitivity, potential customers and footprints and monitoring them. The rewards come first in terms of market reputation and customer trust, burgeoning to financial terms with time.
Posted by Eamon W | Thursday, August 14 2014 at 10:26PM ET
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