Gartner Research

European CIOs' Legacy Modernization 'Wish Lists' Will Disrupt Core Insurance Technology

Published: 06 February 2013

ID: G00247749

Analyst(s): Juergen Weiss

Summary

A Gartner survey shows that European insurance CIOs want simplified business rule management, granular product architectures and transparent functional road maps from their core insurance technology providers. Articulating this will ultimately lead to changing technology and sourcing patterns.

Table Of Contents
  • Impacts

Analysis

  • Legacy Modernization in European Insurance: Complex Requirements and Unmet Needs
  • The CIO Survey: Background and Methodology

Impacts and Recommendations

  • European insurance CIOs' demand for more granular solution architectures and easier change-of-business rules will lead to radical changes in sourcing and implementation patterns
  • The commoditization of core insurance applications — the driving force behind more transparent licensing metrics and functional road maps — is paving the way for greater adoption of cloud computing in European insurance
  • A greater focus on automation and STP will accelerate the development of a new generation of software solutions supporting the digital initiatives of European insurance CIOs

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