(Steve Hauck is Co-CEO of Agencyport Software.)

Back office needs at p&c insurance companies have changed significantly over the last few decades.  Expanding existing products, introducing new ones, changing distribution strategies, and the need for business agility—among other factors—have put enormous pressure on legacy policy administration systems, most of which are unable to handle the growing demands of the marketplace. 

CTOs and CIOs know they need to act, but the time and cost involved in a replacement project is daunting—as is a plan for migration of policy data from the old system to the new one.  While data migration is complex, it doesn't have to be feared.  With the right tools, Carriers can ensure an efficient and accurate movement of data into a modern system. 

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