Gartner Research

10 Most Common Mistakes in Insurance Legacy Modernization

Published: 06 March 2012

ID: G00232261

Analyst(s): Juergen Weiss

Summary

Legacy modernization is one of the biggest challenges for CIOs in the life, and property and casualty insurance industry. We outline 10 bad practices that could become job killers, and offer suggestions to avoid them.

Table Of Contents
  • Overview

Analysis

  • Mistake No. 1: Not Getting Executive Buy-In
  • Mistake No. 2: Premature Vendor Discussions
  • Mistake No. 3: Premature Vendor Selection
  • Mistake No. 4: Procrastination — We Can Clarify That Later
  • Mistake No. 5: Too Much Focus on Recreating Legacy Functions
  • Mistake No. 6: Shooting for Perfection
  • Mistake No. 7: Overreliance on Vendors or System Integrators
  • Mistake No. 8: Underestimating What's Involved in Data Migration
  • Mistake No. 9: Not Enough Integration Testing
  • Mistake No. 10: Lack of 'Plan B' Contingency Planning

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