My recent blog on whether or not homegrown systems are a dead issue in our industry prompted one of our readers to wonder about a related topic. Specifically, he wanted to know: “Is the insurance industry ready for a SaaS (Software-as-a-Service) offering around the core systems?”
What intrigued me about the reader’s question wasn’t so much the idea of SaaS use in insurance, which is already a reality in some quarters, but the idea that it would be applied to core systems. Using the technology for sales and marketing efforts is one thing, but would skittish insurers apply it to their critical data backbones?
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