Modern Times
There's no time like the present for a legacy modernization project.
Despite the problems in the economy, many insurers believe the time is right to consider modernizing their legacy systems. In a report written for Celent by Catherine Stagg-Macey, a senior analyst in the insurance practice, she predicts investments in this area will continue in 2009 but with more governance in place and a stronger focus on the insurer's business case. "We're not going to see large, multiyear, multimillion-dollar projects," she says. "There will be smaller and more targeted investments."
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