ACORD, the global standards-setting body for the insurance industry, recently released The ACORD Global Life Insurance Value Creation Study, sponsored by Oracle. The study leveraged in-depth financial analysis, data-driven research, and interviews with industry leaders to answer key questions about global industry performance, the metrics that correlate most strongly to shareholder returns, and the strategies and capabilities that support high performance.
The study analyzed six years of data across 50 companies, 17 countries, and over 20 lines of business, representing 1/3 of global life Net Premium Written. By analyzing multiple financial performance metrics and carrier attributes, ACORD was able to identify critical best-practice capabilities across the value chain.
Learn about the characteristics that corresponded most closely with successful value creation:
Download the full study to read the findings.
For further details of the study, as well as other ACORD research, visit www.acord.org.
To learn more about Oracle’s modern, innovative technology that enables insurers to drive their digital transformation strategy forward, visit oracle.com/insurance.