How have the events of 2020 impacted legacy modernization?
BriteCore commissioned a survey of P&C insurance leaders to explore the current state of their core systems, their plans and timeframes for new systems, and top purchasing priorities.
of insurers were using homegrown systems with the majority of these in use for 20+ years.
insurers planned to evaluate a new core system within the next 3 years.
of insurers who will be modernizing to support new products plan to do so in the next year.