It sounds ominous doesn't it? But year after year, conference after conference, we end up talking about the same thing. Everybody nods, claps, and agrees. And everyone goes home happy. After several such cycles we simply must ask ourselves: Are we dealing with reality or fantasy? Is the insurance industry running circles around its core system strategies? Is it pacifying itself by confusing fantasy with objective experience or constantly experiencing d?j? vu? And is there a difference, theoretically or clinically?
What are they getting at, you might wonder. We think you know. We think you, too–carrier, vendor, consultant, or analyst–are experiencing the same sense of despair over what our industry has been doing with and about its core business applications, especially those that have been clunking along in the back rooms for two or three decades.
During the past couple of years, we had several client-driven opportunities to examine strategies for dealing with outdated core insurance applications. Most often, the focal point of our clients' interest was the backbone of all core insurance processing: the mighty policy administration system.
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
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
