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5 Questions: Workday and Workiva on Insurance Trends to Watch in 2021

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Authors

Angela Borth and Arthy Kumar

Duration

26 minutes

Key Takeaways

  • Getting through the challenges of COVID-19 required insurance companies’ finance, risk, IT, and actuarial teams to stay connected
  • The pandemic highlighted the need for back office modernization, but LDTI, CECL, and competition for talent have also been drivers
  • Low interest rates and climate change could spur new policies or nontraditional products as insurance companies look for new revenue in 2021

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