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Robert E. Nolan Company Announces Findings from Life and Annuity Industry Survey

Dallas—(BUSINESS WIRE)—Priorities for life insurance industry executives are shifting to address new market dynamics.

The Robert E. Nolan Company has released the findings from its latest Life and Annuity industry survey and the report offers valuable insights from industry leaders on timely issues including:

bulletCandid company self-assessments regarding goals, strategies, expense management, process improvement, and technology
bulletImportant management issues such as outsourcing, technology management, and product strategies that warrant priority and resources from company leaders
bulletChanges foreseen in the competitive landscape ahead


Within this context, the report highlights five strategically significant trends that stand out as key differentiators for prioritizing and allocating limited resources:

bulletClearly defined shifts in demographics paired with changing customer expectations
bulletImplementation challenges with expense management and the effective use of technology
bulletLeveraging sales and marketing investments for optimal returns in three key areas
bulletUsing service as a competitive advantage to offset converging products
bulletIntense focusing of technology efforts across the four key service platforms


The detailed report elaborates on each trend and suggests next steps for consideration in each of the five major survey categories reviewed: Industry Trends, Sales and Marketing, Operations, Technology, and Outsourcing.

The Robert E. Nolan Company is a management consulting firm specializing in the insurance industry. For 35 years, Nolan has helped insurance companies achieve measurable improvements in service, quality, productivity, and costs through process innovation and effective use of technology. For more information, visit www.renolan.com.

To receive the complete survey results, visit the Robert E. Nolan Company web site at www.renolan.com/lifesurvey.

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