Ebook

PAS Lessons Learned IMPLEMENTATION BEST PRACTICES FOR P/C INSURERS

PAS Lessons Learned IMPLEMENTATION BEST PRACTICES FOR P/C INSURERS

Pages 3 Pages

The October 2022 Aite-Novarica Group report on PAS implementation best practices for P/C insurers outlines strategies to reduce risk, execute effectively, and ensure long-term success. It stresses selecting the right vendors, understanding risk tolerance, and planning for inevitable changes. Execution tips include staffing adequately, simplifying processes, and organizing for scalability. Governance should prioritize fast decision-making and transparent reporting. Success depends on managing organizational change, measuring outcomes, and treating the initiative as a corporate project that balances IT, business, and leadership priorities for sustainable results.

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