Gartner Research

Insurance CIOs Should Take a Continuous Decommissioning Approach to Core Systems

Published: 11 July 2018

ID: G00355559

Analyst(s): Laurie Shotton , Andy Kyte , Thomas Klinect

Summary

Insurance legacy modernization initiatives often fail to fully decommission insurance core and supporting systems. Life and P&C insurance CIOs should embrace decommissioning to free up IT budgets for transformational investment to compete in an increasingly challenging insurance market.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Incorporate Decommissioning Into Your Continuous Modernization Cycle
    • Start With Application and Platform Discovery
    • Identify the "Low-Hanging Fruit"
    • Review the Application Architecture Team's Proposal
    • Establish Decommissioning Principles for Success
  • Establish a Separate Team to Manage Decommissioning, Headed by an "Application Undertaker"
    • Hire an Application Undertaker With Strong Management Skills
    • Archive or Delete the Application's Resources
    • Notify Suppliers That Services Are No Longer Needed
    • Manage Retained Data and Its Regulatory Compliance
  • Develop a Portfolio of Decommissioning Solutions to Align Technology and Business Options to Specific Categories of Data

Gartner Recommended Reading

©2019 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