It's clear that the aging, siloed legacy systems in place at life insurance and annuity carriers are detrimental to profitable growth. The resources needed to maintain these systems can drain carrier profitability, hinder their ability to quickly bring innovative products and services to market and keep up with escalating regulatory requirements. Selecting the appropriate rules-based technology is critical, but other factors influence success as well, including creating a carrier environment to support transformative change and alignment between IT and the business. Join Insurance & Technology, along with Oracle and their partners UTC and EquiSoft, to discuss how life and annuity insurers can reduce the risk of core system transformation projects. Topics include: - How insurers can transform their core platform to profitably grow the business
- Creating the cultural change and internal consensus needed to maximize core systems modernization
- Balancing costs and risks of policy administration system modernization
- Implementation and conversion lessons learned in delivering transformation projects on time and on budget
- The role of business process models, configuration templates and data dictionaries in core systems transformation
- Building a data migration strategy based on proven methodologies and tools to capitalize on modern core system capabilities.
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