The Life & Pensions industry continues to evolve at an ever-increasing pace, more especially since 2020. Insurers are grappling with increasing customer demand for new, digital products and features and complex administration requirements governed by regulation to protect the customer while, nevertheless, trying to remain competitive.
So, we find ourselves in an odd age of complex, archaic and unsupported business architectures, in which component systems are doing what the original designers never really intended.
Yet the solution to this challenge provides an exciting aspect to this ongoing issue – creating modern componentised solutions.
This paper provides insight into this subject, gained from Sapiens’ almost 40 years of performing successful system migrations for our clients.