Most life insurers still rely on obsolete systems and technology. As they think about digitizing their processes, they need to challenge their existing technology environment from various angles. As part of our regular discussions with insurance architects and technology strategists, we have identified some of their top concerns when embarking on a digital transformation project.

There are various approaches insurers can take to modernize their system landscape. Depending on the magnitude of the digital transformation program, these projects can be effort-intensive, long, and risky. EastWest Ageas Insurance’s initiative is a great example that demonstrates how ambitious objectives can be met when technology decisions and execution are meticulously planned.