How to Build the Business Case for System Replacement in Insurance

ID Number: G00170538

31 August 2009

Kimberly Harris-Ferrante Juergen Weiss Steven Leigh Maureen O'Neil Joanne Galimi Robert H. Booz Stephen Forte

In today's economic climate, it's hard to build a case for replacing core systems. Nonetheless, insurers should act to position themselves for when the economy rebounds. We offer guidance on building a persuasive business case.

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Table of Contents

Analysis

1.0

Introduction

2.0

Business Needs Continue to Evolve While Legacy Systems Hamper Growth

3.0

Nine Factors to Address Before Building Your Business Case for Legacy System Replacement

4.0

Assess Five Key Elements in Your Business Case Methodology

4.1

Evaluation Methodology

5.0

Conclusion

Recommended Reading

List of Tables

	Table 1.	Technology Evaluation Methodology

	Table 2.	Business Evaluation Methodology

List of Figures

	Figure 1.	Risk Evaluation Diagram

Financial Justification
Insurance Systems
IT Modernization

© 2009 Gartner, Inc. and/or its Affiliates. All Rights Reserved. Reproduction and distribution of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner's research may discuss legal issues related to the information technology business, Gartner does not provide legal advice or services and its research should not be construed or used as such. Gartner shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof. The opinions expressed herein are subject to change without notice.

Resource Id: 1155512