Many insurers today operate on rigid legacy systems that inhibit innovation efforts and lead to the continuation of slow manual workflows. In order to facilitate insurance modernization, Oracle and Equisoft have joined forces to bring their best of breed technology for insurers. Oracle’s Matthew shares more.
The average age of an installed insurance core system—across all segments—is approximately 20 years. How much opportunity has the industry missed in these two decades by continuing to embrace legacy systems? Cloud services provide a secure and cost-effective approach to legacy modernization. Check out how cloud can be apart of your organization's digital transformation.