The insurance industry worldwide is undergoing a significant change accelerated by the financial meltdown and changing demographics of its customer base. In this blog, we will discuss the challenges, approaches and possible solutions to dealing with the transformation that the industry has unwittingly entered into.

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To Be or Not To be – The dilemma !

To Be or Not To be – The dilemma !

Its downturn time folks! Every company is facing the same question when they think of a transformational spend.    Those who have chosen to be in the “To Be” category, great choice-   you have the opportunity to leverage all the positives that this climate can offer as vendors and service providers are ready to offer to you everything they can on the most favorable terms (on a personal note deals on cars to electronics are amazing all over the place- move over black friday- this is the time to buy) to sustain. Therefore it is the best time to move away from the beaten path and take a giant leap into what a robust transformation can offer and think about doing business differently.    For those who are in the “Not to Be” category- let us save it for a rainy day- hey – this is the rainy day and how much worse it could get to?  If we don’t spend on transformation now, when will it be? 
So, Where do you stand?  To be or not To be!

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Comments

It’s good to see Shakespeare being referred in an IT blog. It is evident that while learning languages like Java, C/C++, we have not forgotten the ‘English’ language!

To add one more “points for” the To Be case – Due to downturn, I guess a lot of carriers’ business volume will be down. This will lead to increased available bandwidth within the existing resources. These resources, both managerial & SMEs, can be leveraged, virtually free of cost in propelling the transformational project.

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