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A variety of economic headwinds are taking aim at the insurance industry. But is it potential recession, or continuingly stubborn inflation, that represents the biggest risk factor to insurers' bottom lines? And, what does all this mean for the insurtech revolution and digital transformation in the sector?
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Leaders of insurance companies of all sizes and lines of business, as well as agents, brokers, and insurtechs, gave their best shot at predicting the fallout from a remarkable year of 2022 will play out in 2023 in an exclusive survey from Arizent. Among the perspectives shared are:
- Technology spending priorities and budgets
- Investment levels in new insurtechs (spoiler: It's not looking great!)
- The biggest threats to growth
- The continuing focus on customers' digital desires, and finding the right mix