Just as young businesses like Airbnb and Netflix were born in the cloud, most of today's largest insurers were born in the mainframe. Fifty years ago, when these organizations needed high processing power to handle everything from billing to claims, big iron was simply the best available option.

But now, new cost and competitive pressures are forcing insurance companies to reexamine their mainframe dependence. As the industry charts a path toward the cloud, insurance leaders need an exit strategy that emphasizes the technology and the people who power it to migrate successfully.

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