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28 July 2021

Why insurers must embrace strategic cost transformation

There is broad consensus that the COVID-19 pandemic has accelerated important changes that were already underway in the insurance industry. The financial strains caused by the economic lockdown have increased the urgency for insurers to establish a leaner cost base. However, past approaches to cost reduction no longer suit a fundamentally changed market landscape. Sustainable long-term growth in insurance requires more efficient and agile operating models. An EY article provides details.

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Document ID: 2021-5813

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