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Nearshore Outsourcing Options Available for Insurers

After Y2K insurers couldnt wait to replace old operating systems. They thought it was a race for survival. Now that theyve survived, the jittery economy has upped the urgency for legacy replacement, but carriers struggle to afford these projects. Software acquisition costs are a fraction of their implementation...

By Bill Garvey | Updated on September 22, 2011

After Y2K insurers couldn’t wait to replace old operating systems. They thought it was a race for survival.  Now that they’ve survived, the jittery economy has upped the urgency for legacy replacement, but carriers struggle to afford these projects.  Software acquisition costs are a fraction of their implementation expense.  CIO’s need qualified people whose costs won’t overwhelm the benefit.  Meanwhile, legacy systems don’t just disappear. 

Offshore outsourcing rates can make the price tag of a long project not look so bad, but offshore brings communication and cultural barriers.  Dramatic time zone differences make the ever-popular agile project, which needs proximity of teams, impractical. It’s tough to ignore offshore rates, but projects live on spreadsheets only until they begin, and there are nearshore alternatives. 

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