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How to Overcome the Core Systems Implementation Pitfalls Insurers Face

Implementing a new core system is often a daunting prospect for insurance carriers — and for good reason. Core system implementations have historically been significant, multi-year endeavors that dramatically overpromise, exceed budgets and, ultimately, underdeliver.

This white paper provides insight into the challenges that insurers face with core system implementation, as well as the factors informing and driving digital transformation and improvements to customer experience throughout the industry. 

Common Challenges with New Core System Implementations

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Over-extension of core platform functions
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Significant customization drives cost of implementation, maintenance and upgrades
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Limited business requirements rationalization
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Deficient ecosystem architecture design & engineering
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Lack of adequate documentation
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Insufficient talent density
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Complexities of data conversion
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Changing product parameters

Download the white paper by filling in the form.

AUTHORS

ANDY ROY
Director, Program Management, EPAM

BRIAN DRIMER
Senior Manager, Insurance Business Consulting, EPAM

READ THE WHITE PAPER

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