The core systems replacement cycle is speeding up. Twenty years ago, you might have to go through the implementation of a new core system once, maybe twice. Technology — and the speed of business that it enables — is changing that.
Related: The internet of insurance things
Technology is advancing at an exponential rate, and Moore's Law predicts that processing power will double every two years. In 1997, 1 GB of memory would set you back about $100. Ten years later, the price had dropped to less than 50 cents per GB.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 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.
