regulatory and legislative pressures, insurance executive are
looking to invest in technology to allay these concerns,
according to a recent KPMG survey.
The audit, tax and advisory firm questioned 100 senior
executives in the insurance industry (from a number of
lines of business) about their investment priorities, the
challenges they currently face and those they expect
to face in the coming year.
Asked to identify the highest-priority investment
area for their company within the next 12 months,
“technology” was the top response. Asked separately
about merger and acquisitions, nearly two-thirds (63
percent) of respondents said their companies will be
involved in a deal as a buyer or seller in the next two
years—including 54 percent who say they’ll be buyers.
When asked to identify the single initiative that
company management will be spending its time and energy
on in the next two years, 20 percent of respondents cited “invest-
ing in organic growth,” followed by “cost reduction initiatives” at 15
percent, and “navigating changes in the regulatory environment”
at 12 percent.
What is the
for your company?
Which of the following
are the highest-priority
investment areas for your
company over the next
What do you perceive to be the biggest challenge
to implementing cloud computing?
concerns with data