Technology moves fast, and today many insurers are trapped between a rock and a hard place – continue to allocate specialised staff and resources to support siloed legacy systems that lack the ability to integrate with modern technology, or commit to a migration and implementation of an all-in-one, core insurance platform.
The reality is that continued commitment to shoring up legacy systems directly hinders business strategy, growth and market agility, adding unnecessary complexity and spiralling costs to operations. This eats away profit margins and limits an insurers ability to develop competitive products and services.
This is by no means a new issue – insurers have had to struggle with this question for over a decade if not longer, but today the issue is more urgent than at any time before.
Axon – a Unified Insurance Platform
This whitepaper will discuss the learning points and critical criteria to consider when preparing your insurance business for modernisation.
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Bernie van Welt, VP DevOps at Keylane
“Insurance companies are looking for outsourcing of their internal systems because their current legacy systems are not able to keep up with the demands of the business. The time to market is taking too long, the flexibility of the current system is not good enough to interface with all the external systems that they need to work with.”
Watch the full interview with Bernie van Welt here:
Rob van Esch, VP Strategy & Innovation at Keylane
“I think 2024 will be a very exciting year for the insurance industry. Last year, many insurance companies worked on the introduction of artificial intelligence. This year, the first real cases will also go into production. We see a lot of increasing pressure from government regulations, from compliance regulations and from security risks.”
Watch the full interview with Rob van Esch here:
We are proud of our successful cooperation with Debeka and, to mark the occasion, filmed a customer success story in Koblenz. Find out how Olaf Schwickert and Bernd Zerwas from Debeka talk about the cooperation.