For anyone who has ever owned a car, it's an inevitable question: Continue pouring money into the old jalopy, or cut your losses and buy a shiny new model complete with six-cylinder engine, alloy wheels and keyless entry?
Insurers face the same dilemma with their legacy systems: Continue spending between 55% to 75% of their IT budgets to maintain old infrastructure and applications, or pony-up the money to invest in new technology complete with rules engines, component-based design and Web-enablement?
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access