Core conversions

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.

The move has enabled the reinsurer to develop a new underwriting system, leading to faster product launches and enhanced data analytics.

Choice comes months after the insurer announced innovation push across its business.

Glatfelter Insurance CIO studies business side's needs to build the best tech environment.

Company CTO has successfully replaced four legacy systems without failure, bucking industry trends.

SVP and CIO of commercial lines and agency manages transformation projects across states, time zones and lines of business.

Replacing obsolete tools with a modern solution reduces costs despite significant business growth and supplies heretofore-unavailable analytics to unlock business insights.

The sector is complex, and it is important for carriers to have the appropriate systems and functionalities to support these complexities and enable future growth.

Cyprus-based insurer deploys new platform for life, investment and health lines of business.

The move supports the specialty insurer's ongoing digital strategy.

SMA research identifies a definite slowdown in the purchase of core systems in the P&C market.