Across the industry, companies are undertaking complex, multi-component, multi-line core system implementations involving policy administration systems (PAS), PAS suites, or policy and billing or claims. Such implementations are typically intricate, high-stake endeavors that can consume substantial enterprise resources and demand unwavering attention.
This report highlights prevalent trends, strategic approaches, challenges, industry best practices, and valuable lessons garnered from core transformation initiatives and provides insightful metrics related to estimated project costs, durations, and resource allocations, enabling insurers to benchmark their initiatives against industry norms. It is based on interviews with 15 midsize and large P/C insurers that have implemented core systems in the past five years.
Clients of Datos Insights’ Property & Casualty service can download this report.
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