As much as insurance technology leaders hate being saddled with legacy policy systems that keep their companies from reacting to changes in a nimble manner, they all seem to have a grudging respect for the 20th century technology that lasted for so long.
But will the systems they've put in place—or are preparing to install—offer the same kind of long-term stability for insurers? It's all guesswork right now, but PropertyCasualty360.com asked six insurance technology leaders the following question to gain some insight on the subject:
Do you believe the life expectancy for modern policy administration systems will match that of the legacy systems so many insurers are still using?
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