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Insight Articles
The Insurance Industry Dilemma - Dealing with Legacy IT Systems
Compared to other industries, a high proportion of insurance firms are running their operations using legacy technology systems. This is especially so for firms operating in the life insurance sector. It's a situation that has come about owing to rapid industry consolidation and the mix of technology systems which have proven increasingly incompatible with each other. So, what can be done? Martin Stewart, Director of Strategy, Axe Group, looks at practical strategies for bringing the industry’s IT systems up to speed in today’s digital age, maximising their potential to compete more effectively in the future.
The Outsourcing Enterprise - Step Change: Collaborating to Innovate
The future can be glimpsed in the relatively few organisations that have matured their strategic ability to handle global sourcing. They have converted outsourcing's weak spots - variable quality in relationships, and little innovation experienced - into opportunities and strengths.
Moving Mountains
Most companies place priority on strategy over execution even when research clearly shows that execution of strategy actually accounts for 85 per cent of a company's financial results. When it comes to execution, it's not a matter of what, but rather who executes your strategy? Obviously, it's your workforce. Therefore, the critical driver for performance lies in your ability to put the right talent in the right positions, and then aligning the workforce to your strategy. With all of these pieces in place, it is then possible to realise the potential value of your strategy.
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