Core conversions

Policy admin suite will underpin digital transformation for global insurance giant.

The tech giants evolved out of necessity to migrate to a more flexible and responsive architecture by incorporating microservices.

Metlife Auto & Home exec succeeds on tough projects by staying true to insurance's 'noble purpose.'

Insurers need to perform due diligence to determine which platform or platforms will best facilitate their strategic objectives.

Powerful technologies get all the hype, but human and organizational factors are usually the most important in successful transformations.

An on-premise deployment of a new core systems suite proved unable to handle data needs, so the carrier switch gears quickly.

Moving applications from legacy systems to digital ones takes more than simply swapping underlying hardware or adopting cloud.

Though these carriers may be tempted to make incremental changes to save resources, bigger moves are recommended.

Infosys partnership will help the life insurer realize customer service and data mastery goals, says CEO Brooks Tingle.

Many new insurers focused on commercial lines see value in the core systems that incumbent insurers already use.

CIO Jamie Roser credits the carrier’s quick expansion over its five-year lifespan as a company to its digital strategy centered on a cloud-based core system.

The platform, tailored to small business owners, is first being offered to DJs, but will soon be extended to personal trainers and health & wellness coaches.

Cloud for ancillary services has risen in insurance, and within the past few years the trend has expanded to include core as well with Tier-1 carriers migrating to the model.

Innovation teams understand that the connected world is evolving rapidly, and that competition is coming from industry newcomers as well as incumbents.

Incumbent insurers are becoming more active than ever in the insurtech sector, defining its path.

As carriers upgrade systems with an eye toward a more digital world, PwC says opportunities abound for process improvements.

Carriers have to innovate more aggressively to match up with challenges to their business from companies like Amazon.

Three-fifths of carrier respondents to a survey say that they are increasing use of cloud as part of larger platform modernization.

Core system vendors like Guidewire, and Majesco have announced new digital capabilities that could significantly change how insurance technology firms compete.

P&C insurer will implement Guidewire components for policy, core, data and more with help from PwC.