Strategic Priorities 2025: A Modern Era of Insurance Technology

Over the last 10-15 years, we have seen a major shift in core systems, both in terms of technology and business capabilities, within many modernization and transformation programs. Many of these programs were painful and expensive, running over many years and costing tens to hundreds of millions of dollars and difficulties to upgrade due to the high level of customization of the on-premise implementation. The unfortunate result is these core systems are difficult and expensive to bring new products to market and adapt to market changes to keep the business relevant and competitive.

With insurers facing increased pressures of profitability, cost optimization, and growth, this demands a hard look at their technology foundations. Those who are aggressive in transforming their technology foundation by embracing next-gen, AI-enabled core solutions to empower new business models are outpacing their peers in innovation and growth.

This report examines how Leaders are distinguishing themselves from their peers, pushing their peers further behind.    Those operating their business with legacy technology debt are struggling to respond to market and customer demands, new risks, and growth plans, challenging them to do something now.

Download this Thought Leadership to see where the industry is going and how your organization can be at the forefront of this shift. Read this report to better understand:

• How insurers can close the gap between digital transformation aspirations and implementation.
• How Leaders’ aggressive push toward a cloud-native transformation and the importance of leveraging GenAI, APIs, and real-time data is setting a new bar of innovation and competition.
• Why cloud-native intelligent core solutions are the fuel for growth and innovation.
• Where customers compare to insurers in pricing options for P&C and L&AH products – showing a gap in insurer response.