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Insurers are facing mounting pressure from customers to increase their technology investments

Monday, December 29, 2014

A whopping 78 percent of the 321 global insurers recently surveyed by State Street say customer demand will be the number one driver of new technology investment over the next three years. Only 3 percent of the respondents said this would not be a consideration. The other major drivers of technology investment include growth in business volume (75 percent), new regulation (64 percent) and responses to competitors (64 percent) per the survey.

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