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Why insurers are rethinking homegrown core systems

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The pace of change in insurance continues to accelerate and keeping up remains a challenge for insurers. Today’s risk profile is much different than it was 10, 20, or 30 years ago. Since the year 2000, over half the Fortune 500 Companies no longer exist.

This blog highlights three high level trends, and why insurers need to rethink their homegrown, legacy core systems in order to navigate these trends, or face dire consequences.

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