The technology needed to support the property and casualty industry isn't always a sexy topic, but software platforms and information technology systems are essential for insurance company success, as well as the success of insurance agents and brokers.
A basic understanding of technology modernization trends are needed for planning and decision-making that directly impacts your customers and your bottom line.
"Insurers' Core Systems Buying Trends," a research report by Karen Furtado with Strategy Meets Action, investigates patterns in insurers' core modernization decisions, including:
|- Which core components are being purchased.
- What core-adjacent functionality is included (e.g., data and analytics tools, portals).
- Which lines of business will be supported.
- How the capabilities will be deployed.
This research gives insurers insight on industrywide core modernization efforts through the lens of insurers' core buying decisions in 2015.
|Core systems 101
Here are some basic concenpts you need to understand:
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Jayleen R. Heft
Jayleen Heft is the digital content editor for PropertyCasualty360.com. Contact her at [email protected].
