Asset management teams are running so many simultaneous transformation programmes that the initiatives themselves have become the risk, say some industry experts.
A mix of issues such as platform migrations, M&A integrations, regulatory and compliance programmes, and AI overhauls are competing for the same people and leadership bandwidth. Business cases that looked sound at approval are now “quietly falling apart”, says one firm.
A recent study by Forrester found that 58% of transformation failures trace back to governance breakdowns, not technology problems.
This is essential for insurers amid the boom in private markets, which require much more data to be sourced and organised, as well as the introduction of new AI programmes. These issues could severely affect the performance of teams and portfolios.
The question is, then, how to deal with it.
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