7. No Guarantees of Financial Security
The aging market used to be a pension-based economy, but now people know they can’t guarantee retiring at 65 and having some vehicle to fund the rest of their lives.
— Mitch Ludwig, life insurance product line lead, Accenture Software, on the opportunity presented by a retirement income market estimated to grow to $22 trillion by 2016.
Source: Accenture Software
Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio