This list is very close to reality. I will just add couple more to list
1) Review of New policy administration systems which provide agile development framework to get the new Product rolling to market instead of waiting for 1-2 years of life cycle.
Insurance Products are changing very fast.
2) Lowering the licence cost of software and Products. Legacy software are hard to maintain , take more time , money and resources.
3) Retain the folks who have subject matter expertise on Insurance.
Younger workforce think Insurance as Boring , Companies are having hard time in getting more young talent that help them innovate.
@intellias