How P&C Insurers Can Successfully Modernize Core Systems
Presented by McKinsey & Company
In this article, we explore how the property and casualty insurance industry is at a critical juncture, grappling with outdated systems that hinder efficiency, inflate IT costs, and fall short of rising customer expectations for speed and responsiveness. Modernization is no longer optional, but the path forward is complex, with carriers worldwide facing tough decisions about whether to build, buy, or upgrade their core systems. This article explores the transformative potential of cloud-based platforms, generative AI, and real-time analytics, offering a structured approach to modernization that bridges the gap between IT and business leadership. Discover how insurers can navigate these challenges to unlock operational efficiency, cost savings, and superior customer experiences. You can also listen to the article here.