The core system modernizations integral to insurance carriers’ strategic plans rely implicitly on clearly understanding the future business strategy and current technology state for each product supported by the core system(s) an insurer wants to update. When considering a new PAS, carriers need to evaluate which products will transition to the new system and which can continue running on existing systems in the short or medium term.
This report articulates a framework insurers can use to evaluate blocks of business that takes into account business strategy and current state technology. It is based on Datos Insights’ existing research on the LAB landscape, emerging technologies, and their applications to the LAB insurance space.
Clients of Datos Insights’ Life, Annuities, & Benefits service can download this report.
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