The clock on your core legacy systems is ticking. No, it's not going to explode when the clock reaches zero, but you can't place a value on the hundreds of lost opportunities that come with having a system that is not flexible enough to meet the demands of today's business environment and the customers you need.
In looking at what insurance technology leaders are focusing on for 2013, Frank Petersmark, CIO advocate for X by 2, explains most carriers remain focused on the core.
“There are sexy things like mobility and telematics—which are very important—but my strong vibe is core system transformation is still No. 1 for CIOs,” he says.
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