System Standardization in Insurance: The Complexity of Simplification

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
21 April 2015
Nicolas Michellod

Abstract

Insurance companies are notorious for running complex core system landscapes. However, insurers over the last few decades have been trying to improve their situation to better serve their business needs and reduce license and maintenance costs.

In the report System Standardization in Insurance: The Complexity of Simplification, Celent provides findings of a survey launched in the fourth quarter of 2014. The survey’s objective was to understand what insurance companies have been doing in terms of IT standardization.

“Business considerations are the most important factors that drive system segmentation decisions,” says Nicolas Michellod, a senior analyst with Celent’s Insurance practice and author of the report. “Insurers want to focus on process automation (straight-through processing) where possible, which is the main reason they consider when standardizing their systems.”

This report looks at application standardization, principles used by insurers to standardize their systems, and what they plan to do in the future. Celent also offers descriptions and recommendations of analysis tools that can be used as a framework to help them simplify and standardize their system landscape.

This report contains 14 figures.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

Insight details

Content Type
Reports, Webinars
Focus
Industry Trends, Innovation & Emerging Technology, Technology trends, Vendor landscape