Legacy Systems Rescue for the Insurance Industry | White Paper
Insurance providers, laboring under legacy systems built up over decades, are in desperate need of systems transformation to compete for new customers and business in a rapidly evolving industry. But building a traditional business case for IT systems modernization, based upon the justification that consolidating aging and redundant legacy systems will reduce maintenance, support, upgrade and infrastructure costs, has been impossible. But by focusing instead on the business drivers behind IT systems modernization, insurance companies are able to overcome the impediments to systems modernization. This paper outlines three innovative models for insurance carriers to invest in IT-enabled business transformation efforts, based on their individual business needs, legacy environments, IT budgets and strategic priorities.
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Category: Insurance transactions, IT infrastructure & applications, White Papers
