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Featured Speakers:
 
  • Lisa Valentine,  Contributing Editor, Insurance & Technology
     
  • Roger Soppe,  Senior Director, Insurance, Oracle Insurance
     
  • Rae Albertini,  President, Universal Conversion Technologies
     
  • Mike Donati,  Vice President, Insurance Business Development, EquiSoft
     
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    An Insurance & Technology Webcast:

    Core Systems Modernization: Factors for Successful Transformation

    Duration: 60 minutes

    It’s clear—and has been for some time—that the aging, siloed legacy systems in place at life insurance and annuity carriers are detrimental to profitable growth. The resources needed to maintain these systems can drain carrier profitability, hinder their ability to quickly bring innovative products and services to market and keep up with escalating regulatory requirements.

    Indeed, the legacy system environment is in direct opposition to the three most critical business goals for insurance CIOs according to Celent: Increase profitability, reduce expenses, and grow the business.

    Insurers realize that they can no longer continue to rely on older and inflexible policy administration systems that lock them into legacy business practices and impede their ability to sustain and fuel growth. While a few insurers have successfully modernized their core systems, many more remain mired in the throes of a multi-year transformation project or have not yet taken steps toward modernization, paralyzed by what seems like insurmountable modernization challenges. 

    Selecting the appropriate rules-based technology is critical, but other factors influence success as well, including creating a carrier environment to support transformative change and alignment between IT and the business. Carriers must also be willing to eliminate inefficient procedures and processes.

    Join Insurance & Technology, along with Oracle and their partners UTC and EquiSoft, to discuss how life and annuity insurers can reduce the risk of core system transformation projects.

    Topics include:

    • How insurers can transform their core platform to profitably grow the business.
    • Creating the cultural change and internal consensus needed to maximize core systems modernization.
    • Balancing costs and risks of policy administration system modernization.
    • Implementation and conversion lessons learned in delivering transformation projects on time and on budget.
    • The role of business process models, configuration templates and data dictionaries in core systems transformation.
    • Building a data migration strategy based on proven methodologies and tools to capitalize on modern core system capabilities.

    Register now!


     
     

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