The Case for Change Goes Beyond Using the Term 'Legacy'

While the term legacy is frequently thrown around as an attempt to motivate insurers to update aging platforms, decision-makers would be better served to make the case for change based on whether their systems are able to keep pace with their goals, rather than how old those systems may be,...

By Phil Gusman | Updated on October 22, 2013

While the term “legacy” is frequently thrown around as an attempt to motivate insurers to update aging platforms, decision-makers would be better served to make the case for change based on whether their systems are able to keep pace with their goals, rather than how old those systems may be, a new report says.

It its report, “When is Legacy Not Legacy at All?” insurance-software provider Xuber says, “Doom and gloom is an easy picture to paint in an effort to elicit change, but therein lies the rub. If legacy systems are such a threat to operations, why do commercial insurers continue to rely on such systems to run their businesses? Because they tend to work, that’s why.”

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