Neil Betteridge, Director, Product Marketing, Guidewire Software
Our current difficult economic environment has not diminished insurers' interest in addressing the challenges posed by legacy core systems. Replacing aging policy admin systems continues to be a top priority project for property/casualty insurers in 2010. While the need is widely acknowledged, building the business case to proceed with the major undertaking of replacing one, or more, policy systems has sometimes posed a challenge. There are a number of areas where significant hard and soft benefits can be realized from a new underwriting and policy administration system.
Business Agility
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