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Here's what PwC expects to see from the P&C market in 2015

Tech, tech and more tech. Also, 2015 looks like the year P&C might finally catch up with consumer demands.

By Joseph Jaafari | Updated on November 21, 2014
The P&C sector is starting to transform their core, but adding tech into the mix to meet consumer demand.

As technology has forced insurers to reimagine the promotion of their products, there also has been a massive transformation in the structure their business, forcing carriers to throw out legacy practices that date back decades.

“The first wave of core transformation for the last five years was about modernizing the system,” Imran Ilyas, PwC partner in Insurance Advisory Services, told PC360. ”Carriers and executives are smart now and are looking to leap frog ahead of the completion as a result of core system transformation.”

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