Gartner Research

Proofs of Concept Are Critical to Successful Insurance Core System Implementations

Published: 21 March 2016

ID: G00298540

Analyst(s): Laurie Shotton , Jeff Haner

Summary

Too often, in their eagerness to add new capabilities and optimize costs, IT and business leaders are willing to make a "leap of faith" and move from the RFP stage directly to full implementation. Instead, insurance CIOs should insist on a proof of concept to help ensure a successful implementation.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Build a Formal POC Stage Into Your Insurance Core System Sourcing
  • Define and Specify the Exact Scope of the POC
  • Choose a POC Model Based on the Level of Certainty in Vendor Selection

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