Gartner Research

Insurance CIOs: Create a Research Engagement Plan for Core System Replacement

Published: 05 March 2018

ID: G00350310

Analyst(s): Laurie Shotton

Summary

A culture of continuous improvement of core systems, including replacement, will lay the foundation for insurance companies' transformation initiatives. CIOs can use Gartner's multistage engagement plan, including key research, to drive success in core system replacement initiatives.

Table Of Contents

Analysis

  • Core System Replacement: High-Priority and High-Risk for Insurers and CIOs
  • The Insurance Legacy Modernization Cycle
    • Stage 1: Identify Pain Points and Key Objectives
    • Stage 2: Assess Current and Future Business and IT Needs, Evaluate Current Limitations and Identify Appropriate Strategic Options
    • Stage 3: Evaluate Technology Vendor Options, Develop a Business Case and Estimate Project Scope
    • Stage 4: Engage in Project Implementation and Prepare or Launch
    • Stage 5: Migrate From Source to Target System
    • Stage 6: "Go Live" and Establish Post-Implementation and Change Management Processes

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