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Many insurance companies associate replacing their core systems with automation and with streamlining processes. While integral, those benefits ignore a large and fundamental attribute of new core systems. That attribute is flexibility. When flexibility is built into a new core system, insurers can innovate, collaborate and expand beyond levels they previously thought possible.

Insurers must go beyond the idea of mere speed and automation to imagine the best possible future for their companies. The first steps towards selecting a winning core system involve dreaming big, thinking strategically, not going at it alone and designating a torch bearer.

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