State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?

You have two watches.

Your first watch is analog.

It has dials, gears, crystals and movements.

It is a machine in the fullest sense of the word.

It looks great.

It tells time.

If you looked inside, you would see a tiny world of complexity in motion.

Watch two is an Apple Watch.

It also tells time.

You can’t look inside it, and if you could, you would see nothing going on.

It is a window into a cloud, and in a way, the sky is its limit.

It can be updated silently on your wrist.

Functions can change.

It is still a timepiece, but it is more.

It is a powerfully elegant foundation for trading worlds of data and providing unbelievable insights.

Your watches are two different systems: both are beautiful in their own way.

The more you compare, however, the more you see they don’t have much in common — they both tell time and they both fit on your wrist.

  Legacy core solutions and today’s intelligent core insurance solutions have a little more in common, but not much.

The gap between them is growing every day.

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