The "Silver Tsunami" of Baby Boomer retirements will soon be felt in insurance IT operations, and is already upon many carriers, Novarica notes. 

"For insurance CIOs who must concurrently manage legacy systems environments, prepare for the continuing introduction of a wide range of new and potentially disruptive capabilities while planning for ever faster refresh cycles in key system components, this may not be a new issue, but it is now one that may require high priority attention," the firm says in a recent report, "Planning for an Aging IT Workforce."

Following are some tips from Novarica to prepare for loss of talent and institutional knowledge as current IT professionals retire and exit the workforce:

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