This Financial Insights report identifies the top 10 initiatives that will have key strategic importance during 2007 for the life and non-life insurance industry. We describe these initiatives, examine their impact on the insurance industry and technology firms that serve the insurance industry, and explain why they should be on the minds of chief executive officers at every insurance company worldwide.

"The insurance industry is experiencing a shift from doing business in a world of risk to doing business in a world at risk. This seemingly subtle shift in wording affects how the world conducts business and therefore the market for insurance coverage and services. Our 2007 forecast of the top insurance strategic initiatives reflects the actions required for insurers to seize the day. It is unacceptable for insurers to be buried beneath the reforming risk landscape, which will happen if they continue along a path of the status quo. We discuss five key interdependent disciplines insurers must balance to ensure that does not happen." - Barry Rabkin, senior research analyst, Financial Insights

• Table of Contents
• Financial Insights Opinion
• In This Report
• Situation Overview
  • Seize the Day (Carpe Diem)
  • Figure: Changing Landscape of Risk
  • 2006: A Year of Profits and Problems
  • 2007: The Industry Will Not Be Unscathed
• Future Outlook
• Table: Top 10 Strategic Initiatives for the Global Insurance Industry for 2007
  • Top 10 Strategic Initiatives for 2007
    • Growth, Growth, Growth
    • Figure: Insurance Company Key Strategic Objectives for 2007
    • Competing as an Enterprise
    • Figure: Competing as an Enterprise
    • Orchestrating Experiences
    • Figure: Path to Customer Satisfaction
    • Supporting Role-Based Functionality
    • Table: Select Data Required by Three Insurance Company Roles
    • Being an Informed and Responsive Insurer
    • Table: Attributes of the Informed Insurer
    • Table: Worldwide Insurance IT Core and Predictive Analytics Spending, 2005 and 2010 ($M)
    • Having Agile Compliance
    • Protecting the Firm
    • Figure: U.S. Insurance Fraud Losses by Line of Business, 2006
    • Operating in a Shifting Sourcing Ecosystem
    • Table: Select 2006 Merger and Acquisition Activity in the Insurance Technology Space
    • Improving Data Dealings
    • Enabling Coherent Distribution Management
• Essential Guidance
  • Five Major Disciplines
  • Figure: The Five Strategic Imperative Disciplines
  • Actions for Insurance Companies
  • Table: Essence of the Five Strategic Disciplines for Insurance Companies
  • Actions for Vendors
  • Table: Essence of the Five Strategic Disciplines for Technology Firms
• Learn More
  • Related Research
  • Synopsis