IT Project Managers, the insurance industry, and fear

Posted by lward on Mar 17, 2022 in PMChat Bloggers, Uncategorized | Comments Off

Many have heard of the famous remark by U.S. President Franklin Roosevelt “there’s nothing to fear but fear itself.” Well, that quote just took on a new twist in the global insurance industry when executives surveyed in that sector say they fear their current systems will not be able to handle the regulatory and financial challenges of their business. In fact, in a survey conducted by Northern Trust , 70% of the senior investment managers surveyed admit they are concerned about the future. What’s going on? Well, in the U.S. there’s increasing business and systems complexity related to the Dodd-Frank Act; and, in Europe, the sector has to comply with the Solvency II directives.

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IT Project Managers, the insurance industry, and fear