Report Summary:

Legacy system replacement is no longer a matter of weighing reduced maintenance costs against license and implementation costs and the project risks of replacement.

A broader understanding of the value of modernized systems, including advantages in data quality, time-to-market, service speed, and workflow, as well as a reduction in project risk through better project management and more psoitive industry experience, is allowing insurer IT executives to work closely with their business partners to create compelling business cases for legacy replacement.

This report draws on years of experience, conversations with CIOs, and published success stories, to help insurers understand how to construct compelling business cases for legacy system modernization.

CONTENTS

Introduction…2
The Traditional Paradigm…4
The New Paradigm…6
Building the Business Case and Assigning Value to the Elements…7
Industry Examples…9
The Financial Investors…5
Conclusions…10
About Novarica…11