Securities analysts who follow insurance stocks say life insurers could face as much of a challenge from aging technology over the next 3 years as they do from aging customers.
Researchers in the New York office of Accenture have published that finding in a summary of results from a survey of 108 insurance analysts.
When asked to list the top 3 challenges facing the life sector over the next 3 years, about 96% of the participating analysts cited the perils facing investment portfolios.
Aging technology systems and changing customer demographics each were cited by 92% of the participants.
About 89% of the participants ranked new regulations and reforms as a major risk.