Componentize Data for Successful Modernization
Date Held: December 4, 2012
Hosted by: Insurance Networking News
Duration: 60 Mins
Core systems transformations are once again a top priority for insurers in 2013. Many insurers are facing the challenge of how to approach their modernization in a way that minimizes risk and cost, and accelerates the timeline and time to market. Traditional approaches include Rip & Replace, full SOA Enablement, and all flavors in between. Regardless of which approach best fits your needs, componentizing core insurance data within your modernization program can pay huge dividends in reducing program complexity and cost, and can greatly improve long term enterprise agility.
Join Martina Conlon, Principal, Novarica for a discussion of insurer business and technology priorities for 2013 and how core systems transformations are addressing these priorities. Martina will review recent research on core systems projects that includes the common conversion and integration approaches, project timelines, issues and costs. She will discuss the common and emerging transformation tactics and outline the benefits and downsides in each.
Bruce Broussard, Vice President of Business Development & Strategic Partnerships, Insurity, will then leverage his experience working with insurers of all sizes on core application modernizations to discuss the advantages of including data componentization as part of the overall modernization strategy. Componentized data can help to future proof your architecture, as well as reducing the risk and complexity of your modernization program. The discussion will include the flexibility that insurers can leverage to sequence data componentization to deliver incremental value and align to business priorities. It will also include the pros and cons of the development options custom development, model accelerated development, and commercial product - that are available to make your modernization program successful.
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