New York, NY (PRWEB) February 15, 2012

Don Canning, vice president of SunGards insurance business, said, Changes in demographics, competition and regulation are driving insurance companies to get more aggressive about improving service quality while reducing cost. Platforms that consolidate data and workflows, provide end-to-end policy administration, and expand analytics and actuarial modeling will help insurers achieve these goals. In addition, a 360 degree view of enterprise-wide risk management will help insurance companies better manage risk and compliance, improve returns and modernize their operations.

SunGard has identified ten trends shaping the industry in 2012 as insurance companies look to capitalize on change through transparency, efficiency and networks. They are:

1.