An SMA Research Report
- Author(s):
- Deborah M. Smallwood, Senior Partner
- Mary Ann Garwood, Partner
- Publication Date:
- May 22, 2013
- Number of Pages:
- 9
- Price:
- $995.00 USD
Agility is the watchword for the next decade. There is no question that portals are playing a key role in distinguishing the leaders and driving competitive advantage. This report investigates the importance of modern portals in the insurance industry and examines how portal investments are giving insurers the power to improve decisions, strengthen relationships with distribution partners and customers, and successfully grow the business.
The findings are based on SMA’s extensive experience and insight as well as data gathered from 479 Property and Casualty insurers, agents, and brokers that responded to an SMA survey. There were 131 insurer participants from all lines of business, representing a balance of business and IT leadership.
This research report looks at the profound impact that rapidly advancing interaction technologies are having on distribution methods and processes, and outlines the solution capabilities required to support the need for real-time interaction, collaborative effort, and negotiation. The content presents a picture of modern portal proficiencies. For insurers, the information will be useful to better understand portal requirements – both those related to the requirements for business function and those that involve the technical environment needed to support powerful portals. IT solution providers will find the information and accompanying observations helpful in determining product development needs and marketing strategies.
An example of the research data is shown in the figure below.
