An in-depth analysis conducted by Novidea, a provider of cloud-based, data-driven insurance management platforms, found 75% of insurance organizations worldwide are gearing up to embrace new core insurance management platforms within the next two years.
This revelation comes from the findings of a comprehensive report titled “Legacy Out, Digitalization In: The State of Modern Insurance Technologies 2024.” The report is the result of a survey conducted in 2023, involving 330 full-time C-level leaders in the insurance industry across eight countries. The survey looked into the struggles of insurance organizations with aging, disparate technology, leaving leaders with the difficulty to manage, scale, and leverage to keep up with the modern digital transformation.
