ALL SYSTEMS ARE GO
The global insurance market is entering a period of unprecedented change, with most insurance providers expecting new customer demands and digital technology to significantly transform their market within the next few years. Effective core systems enable insurers to operate at a large scale. Because of cost, establishing these systems has traditionally been a barrier to smaller companies. However, advances in IT-based services, including infrastructure, applications, platforms and business processes, allow IT to better respond to the changing needs of the business, create new services and open new markets, thereby helping to achieve high performance. This has facilitated scalability and flexibility.