Gartner Research

Use Risk Maps to Assess Insurance Legacy Modernization Options

Published: 25 February 2014

ID: G00260478

Analyst(s): Juergen Weiss


Legacy modernization projects present life and P&C insurance CIOs with opportunities to save costs or improve business and IT performance, but with significant risk of failure. Risk-mapping methodology can help CIOs evaluate the risks of different modernization options and guide senior management.

Table Of Contents
  • Key Challenges



  • Create a Complete List of Risk Types and Assign a Quantitative or Qualitative Score to Each One
  • Plot the Relative Probability and Impact of Each Risk Type for Each Legacy Modernization Option on a Separate Risk Map
  • Identify the Enterprise's Risk Threshold and Compare the Different Legacy Modernization Options

Gartner Recommended Reading

©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication 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 research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.