Skip to content

Platform Modernization: Best Practices to Tackle an Evergreen Problem

Karen R. Terry, FLMI; Kartik Sakthivel, Ph.D., MS-IT/MS-CS, MBA, PGC-IQ; Lauren Klak, Ph.D.; Rahil Jogani 6/15/2021

This report provides a benchmark for the current state of industry legacy systems and explores best practices for modernization success.

Summary

LIMRA and McKinsey & Company surveyed LIMRA member companies in the United States and Canada to explore the state of their legacy systems and modernization effort experience. The report covers the following areas:

  • Modernization approaches
  • System selection criteria
  • Business case development
  • Success/failure factors

Download Your Reports

No part of any report may be reproduced or translated without written permission from LIMRA. Please contact Customer Service for further information.

Related Research

Tech Evolution: Themes, Trends, and Considerations Shaping the Future of Technology in Financial Services

This paper offers a broad set of questions and considerations for organizations to keep top of mind in their technology journey, as they adapt to changing realities and position themselves for future growth.

Inside Insurance Analytics: Ethical, Methodological, and Risk Management Best Practices

LIMRA asked analytics leaders in the life and retirement industries about their best practices for handling ethical, methodological, and other analytics-related risks. Here are our findings.

Accelerated Digitization: Driving an Industry in Transition

This report explores how companies are leveraging digital solutions to adapt to changing realities and position themselves for future growth.

The Facts of Life and Annuities: 2024 Update

This compilation of key facts from LIMRA and other sources can be used to educate people about the value of life insurance and annuities.

Individual Life Combination Products

A detailed look at the state of the combination product market. New 2024 Mid-Year Review.

Meet the Project Director

Karen R. Terry, FLMI

Karen Terry leads the Individual Product Research team, developing and implementing LIMRA's research program for individual life, disability long-term care and critical illness insurance products in the U.S. and Canada. Under her guidance, her team provides competitive intelligence on product design, customer demographics, industry sales trends and forecasts for the North American individual insurance markets. With over 25 years of insurance product and consumer research experience, Karen is a leading industry expert on industry performance measures to LIMRA staff, member companies, and the media.

She earned her Bachelor of Science in marketing from the University of Maryland.

Assistant Vice President, Insurance Product Research
LIMRA and LOMA
kterry@limra.com


For more information, please contact kterry@limra.com.

Did you accomplish the goal of your visit to our site?

Yes No