Insurance CIOs Should Take a Continuous Decommissioning Approach to Core Systems


Published: 11 July 2018 ID: G00355559

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Summary

Insurance legacy modernization initiatives often fail to fully decommission insurance core and supporting systems. Life and P&C insurance CIOs should embrace decommissioning to free up IT budgets for transformational investment to compete in an increasingly challenging insurance market.

Table of Contents

  • Introduction
  • Analysis
    • Incorporate Decommissioning Into Your Continuous Modernization Cycle
      • Start With Application and Platform Discovery
      • Identify the "Low-Hanging Fruit"
      • Review the Application Architecture Team's Proposal
      • Establish Decommissioning Principles for Success
    • Establish a Separate Team to Manage Decommissioning, Headed by an "Application Undertaker"
      • Hire an Application Undertaker With Strong Management Skills
      • Archive or Delete the Application's Resources
      • Notify Suppliers That Services Are No Longer Needed
      • Manage Retained Data and Its Regulatory Compliance
    • Develop a Portfolio of Decommissioning Solutions to Align Technology and Business Options to Specific Categories of Data
  • Gartner Recommended Reading
© 2018 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 Gartners 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.

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