As insurance technology rapidly evolves, companies stuck in legacy processes risk falling behind, making it crucial for CEOs to understand their CIO’s strategy. This document highlights key questions CEOs should ask to ensure operational readiness, scalability, and future growth in a complex, regulated industry.
Buyer’s Guide to Insurance Core Systems For Life Insurers
Focus on Outcomes
Although comparing one system’s features to another is important, it’s always best to focus on outcomes — in other words, what you’re trying to achieve.
Derisk Digital Transformation
Many insurers are no longer willing to assume the risks of a “big bang” upgrade or a multi-year implementation of a new policy administration system.
Channel-less Experience
Today’s customer expects a fluid, consistent experience even as they jump from laptop to mobile or live agent, never having to think about the engagement’s inner workings.
Evaluate the Vendor
We provide an evaluation checklist that summarizes the six outcomes life insurers are prioritizing and the underlying functionality that a core system must provide to support them.