Transitioning away from insurance legacy systems that are in fact many systems all bolted together is not easy, particularly if we have limited budgets and the massively important requirement that nothing falls over while we are making the switch to the new way of working.
Technical debt is the difference between what you should be spending on innovation and the amount of money you are spending on just keeping the old inefficient systems running.
In this podcast, Bart Patrick, Managing Director, Europe for Duck Creek discusses how technical debt applies to the insurance industry, what our legacy industry tech problems are and how insurers can successfully transition away from legacy systems.
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