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ITA Pro Weekly, December 07, 2018

Bill Sinn | December 07, 2018

Optimum General, MEMIC, Guidewire earnings, and other breaking news from ITA

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Legacy Systems are Dead.
Really? Don't Count on It.

“Old Marley was as dead as a doornail.”

That oft-quoted expression, taken from Charles Dicken’s “A Christmas Carol,” has been referenced over the years to indicate things -- like dodos and mutton -- that were essentially dead (or have been dead for a long, long time).

Fast-forward to today, and that same phrase can just as easily be applied
to the living world of IT. Take legacy systems, for instance. 

While the demise of legacy systems has been surmised, forecast, and telegraphed for many, many years -- “Legacy systems are dead” – it should come as no surprise that they continue to live and thrive in countless IT organizations around the globe.  For some businesses, these systems remain a necessary and helpful hand. For others, legacy systems hurt -- to the tune of shortened careers, failing companies and diminished capabilities. Read more...

The Hidden Costs of Custom Software Systems

(Submitted by Risk Control Technologies, Inc.)


Customization in the general sense has a very positive connotation.
 Whether it be a tailored suit, or that new motorcycle you have been building
in your mind for 20 years, the concept of a custom fit undoubtedly tugs on the heartstrings of any lover of bespoke things. However, in the world
of software systems, customization quite often
falls short of customer expectations.  

Throughout the 1980’s and 90’s, custom software systems were the
go-to choice for IT departments. They provided 100% flexibility, and with
very limited off-the-shelf products available there was not much
of an alternative.  Over the last few decades, with companies such as leading the way, there are now many
off-the-shelf products IT departments can choose from that are
feature rich and significantly more affordable
than custom systems, while still maintaining
high flexibility.


Be the Bridge in Your Organization.

The clock is ticking but it's not too late to submit your application
to become an ITA Bridge Award Winner!

Our ITA Bridge Awards honor both insurance IT leaders and their business counterparts -- people who "bridge" the business and IT sides of their organization to create more efficient processes, implement cost-effective systems, develop streamlined operations, or just innovate or transform a particular business/IT area.  

Winners have the opportunity to present their story at the ITA LIVE 2019 event (scheduled for May 5-7, 2019 in Ft. Lauderdale).
So what are you waiting for? Submit your story of change,
innovation, and transformation today! 
Click here for a nomination form.
Click on the links below to get the latest news in the insurance marketplace:
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ITA LIVE 2019 will present real-life examples of true startup technologies that are helping insurers gain real advantage -- and a competitive edge -- in the marketplace. We’ll highlight the more successful InsurTech partnerships, while offering case studies that demonstrate exciting innovation and cutting-edge techniques impacting all aspects of the insurance ecosystem.

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