Economic uncertainty, continued slow growth, pricing pressures, and new regulations combined with evolving consumer expectations continue to create significant challenges and serve as sizable growth barriers for the insurance sector.
Yet, even in such a difficult economic and competitive environment, there are still opportunities to generate profitable growth by attracting new customers and taking market share away from competitors. The pressure is now on for insurers to differentiate themselves in a very competitive market by tweaking existing products and launching new ones, driving innovation, reconsidering their marketing strategies and reinventing their customer experience. This includes upgrading IT infrastructure, enhancing client products and services and realizing the value of data analytics in strategic decision making. Talent management will also play a key role as firms are charged to do more with fewer resources.
In order to achieve growth, insurers in the U.S. will need to remain proactive by adopting new technologies and management strategies in order to squeeze unnecessary costs out of the system, improve productivity and meet demands of future regulatory changes.
The NG Insurance Summit will bring together decision makers from across the US Insurance sector to meet with solution providers who are actively looking to target this exciting growth market.
The NG Insurance Summit will provide this vital means of communication and provide an ideal framework for new business relationships to flourish.
I don't recall a more effective event design and execution in recent years. Probably the most valuable 3 days I have spent away from the office or customers in the past two years. Highly recommended.
John Parkinson, CTO, Transunion LLC