Gartner Research

How European Life Insurance CIOs Can Reduce the Risk of System Migrations

Published: 18 May 2015

ID: G00275654

Analyst(s): Laurie Shotton

Summary

Digitalization, an aging IT workforce and cost challenges are pressuring European insurance CIOs to replace and rationalize legacy life and pension policy administration systems. These projects are inherently complex, costly and risky, but Gartner's best practices can help ensure success.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Work Closely With Business Leaders to Ensure a More Comprehensive Understanding of the Existing Systems and Functionality
  • Assess and Determine the Migration Approach That Is Most Appropriate for Your Situation
  • Establish a Migration Project as Part of the Overall Program With Dedicated IT and Business Resources in Place
  • Consider Only European Policy Administration Software Vendors That Demonstrate a Solid Migration Track Record and a Range of Tools to Simplify the Migration Process

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