August 2019 – While the need for core system replacement may seem self-evident in many cases, developing a solid business case can still be challenging. Technical risk mitigation alone is often used to justify replacement, but this can leave business decision-makers feeling lukewarm about making the necessary investment to ensure a successful core transformation.

Focusing on specific use cases tied to the Three Levers of Value (“Sell More,” “Manage Risk Better,” and “Cost Less to Operate”) can allow leaders to develop business cases that build support and excitement for core replacement initiatives.

This brief includes research data showing where insurers have deployed core systems as well as case studies of more than a dozen successful core deployments that have generated quantified or clearly defined business value.