Brian Carey is senior director, insurance solutions, Equisoft. Contact him at [email protected].
Life insurance policies are living in outdated legacy systems in need of replacement. At the same time, new policies are being issued and housed in those same systems.
Carriers eventually reach the point where they must consolidate their systems to make operations more efficient.
Although greenfield is smaller in scope than a traditional PAS modernization project and enables life insurance companies to start processing new business quickly, it’s not the solution to all your digital transformation roadblocks.
Life insurers must recognize that today’s young consumers are digital natives.
