Core System Modernization: Approaches and Options

Complimentary Web Seminar
Available On-Demand
Brought to you by Insurance Networking News

The modernization or replacement of core systems continues to drive the majority of insurer budgets year after year. This is no surprise, as existing legacy technology hampers insurers’ abilities to take advantage of ever-increasing distribution channels, improve product speed-to-market, drive operational efficiency, and get better insight into their business.

While the goals and drivers for modernization are often similar across the industry, there are as many approaches to achieving those goals as there are insurers and vendors. Some insurers have embraced software as a service (SaaS), while others still reject it as a matter of policy; some look for single-vendor suites while others prefer best-of-breed; some build a schedule around a “Big Bang” release while others choose a more measured rollout over time.

Understanding how insurers choose an implementation approach and the impact that approach has on cost, timeline, disruption, and other factors is as important as understanding the values that modernized systems bring.

During this webinar you will hear from Novarica on the results of a new study that explores insurer goals and experience with core system modernization. Partha Srinivasa from HCC Insurance Holdings will discuss his views on modernization based on his experience with numerous selection projects Oceanwide will discuss what it’s seeing in the market and among its customer base.

Featured Presenters:

Elliot Kass (Moderator)
Freelance Writer
Editor & Presenter

Mark Adessky
President
Oceanwide,an Insurity company

Jeffrey Goldberg
Vice President, Research & Consulting
Novarica

Partha Srinivasa
SVP & CIO
HCC Insurance Holding

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