Predictable Costs in Unpredictable Times - A new way to look at upgrading Core Systems

Available On-Demand
Date Held: February 11, 2009
Hosted by: Insurance Networking News
Duration: 1 hour
Sponsor: Majesco Mastek

During the current global recession - where many Carriers are being forced to cut expenses - the strategically-focused and far-sighted ones can exploit this slowdown to:

- modernize their core systems and
- enhance productivity to lower their unit cost per policy

even before the inevitable return to more favorable market conditions.

This necessitates that carriers efficiently plan investing their limited capital and avoid capital investments into projects with unpredictable future value. Carriers can instead turn to Application Service Providers (ASP’s) to upgrade their core systems in a predictable IT cost environment.

In this web seminar, MajescoMastek’s SVP & GM of Life Insurance and Annuity, Erik Stockwell and Tom Hardy, President of Unity Financial, will discuss the advantages of predictable costs in core system upgrades including:

- Diversification and faster deployment of product offerings
- Lower total cost of ownership
- Enhanced productivity
- Lower capital investment
- Ease of operations
- Achieving predictable IT cost structures

Attendees will learn:
- A new way to look at upgrading core systems in the times of economic slowdown
- How to move to a simple, predictable IT cost structure
- Advantages of turning to an Application Service Provider

Speakers:
- Erik Stockwell, SVP & GM of Life Insurance and Annuity - MajescoMastek
- Tom Hardy, President - Unity Financial
- Craig Weber, Senior Vice President, Insurance - Celent

For more information on related topics, visit the following channels:

• Policy Administration
• Technology & IT Management