Conquering Legacy Systems in Insurance: A Guide to Streamlining Operations

The insurance industry is undergoing rapid change due to globalization, deregulation, and heightened competition. Legacy systems, built for a different era, hinder innovation, customer experience, and time-to-market. These outdated systems limit data visibility, hinder process automation, and stifle growth. How can insurance providers best leverage their legacy investments and continue to be flexible, competitive, and achieve their business goals? This whitepaper explores the challenges of legacy systems and outlines strategies for successful transformation. It aims at helping organizations understand the issues involved in effective management of the existing legacy systems, how to create an environment that supports legacy transformation, and how to move forward without abandoning systems that work.