Search
 

Planning the insurance industry’s mainframe exit strategy

Organizations of all sizes, ages and industries are running toward cloud-first IT strategies, but for insurance companies, the mainframe remains front-and-center.

By Brett Moss | Updated on May 23, 2017

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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.