Gartner Research

A Component-Based Architecture Rethinks Policy Administration Legacy Modernization for Tier 1 Life Insurers in North America

Published: 14 June 2016

ID: G00303253

Analyst(s): Kimberly Harris-Ferrante, Richard Natale

Summary

Legacy replacement has continued to be a major challenge for CIOs in Tier 1 North American life insurance companies due to high risks, cost and complexities. Many have shifted their strategies to componentization of systems to incrementally improve operations in a controlled, low-risk environment.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Develop a Loosely Coupled Component Architecture as the Basis for Incremental Legacy Modernization Efforts
  • Overlay the Current-State Architecture to Identify Gaps and Inhibitors to Achieving Modernization Goals
  • Understand the Pros and Cons of Establishing a Component-Based Architecture Strategy to Manage Risk

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