Better, Stronger, Faster—Life Insurers Confront Product Development

Elaine Tumicki writes in Product Matters, the newsletter of the Society of Actuaries' Product Development section: With new life insurance products and features coming out at a break-neck pace over the last several years, life insurers may have felt like they were on a treadmill, with the speed slowly but steadily increasing. The growing reliance on independent distribution requires companies to stay ahead of —or at least keep up with—their competitors if they want to stay on the shelf. Improving speed-to-market has become a key component of life company strategy. What have companies been doing to address this ever-increasing challenge?

http://www.soa.org/library/newsletters/product-development-news/2009/feb...