3 Considerations When Implementing New Technologies

Once insurers have designed strategies and roadmaps for their enterprise architectures, their next challenge is to successfully navigate a path through the implementation process. Find out what four successful insurers have done, and learn some of the best practices noted by Celent in the Implementation category of its Model Insurer awards program.

1. Itís all about execution for value

Celent learned from this yearís awards candidates that a clear focus on execution capabilities, coupled with a closer alignment of business and IT, contributed to implementation success. The benefits to insurers focused primarily on agility, speed, adoption and quality as opposed to just cost. To wit, about 40 percent of entries in this category cited speed as the main benefit, while 20 percent identified quality as a factor. Only about 25 percent of insurers identified cost reduction as their primary benefit.



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