Simple Solve

   Innovation is almost always considered in a positive light. What could be more revolutionary than anytime money? The advent of cash dispensers, now known as ATMs, made it possible for people to access cash even out of banking hours, and at the time, the convenience of it was astounding. Banks themselves reaped dividends through a lowering of costs. As communication networks improved coupled with faster payment processes, the insurance industry too hopped on to the innovation boom. One that made a big impression was the drastic reduction of processing time for insurance claims, as it moved online.  Innovation is coming at us fast, in every aspect of our lives. The U.S. Credit Rating Agencies and Insurer innovation Crediting rating agencies sat up and took a long, hard look at the impact of innovation on the long-term financial success of insurance companies. AM Best, the world’s first and also the largest credit rating agency, had indirectly included innovation through the various bu

  The term ‘legacy systems’ often conjures up images of bulky on-premise systems and devices that haven’t been in circulation since the early 2000s. That might not be what your current platform resembles - but does that mean your software is truly up-to-date?  A legacy system needs to be defined by the capabilities it provides your organization, not necessarily by how long you’ve had it for.  For example, rather than asking yourself, “When was my current system implemented?” you might want to ask yourself, “Does my current system empower my team to collaborate efficiently in a secure environment?” Answering these questions will alert you to whether you need to kickstart the process of legacy modernization. For a functional definition, legacy can refer to any piece of software or even an entire system that blocks or reduces an organization’s ability to grow, shift and adapt in the face of changing market dynamics. So, is it time to make the switch to a new updated system? Here are seven