When we discuss "legacy" technology for (re)insurers, we usually mean policy administration systems. This is the backbone of the insurer. Policy issuance, payments, claims, data management all fall within this bucket. Re(insurers) can't move to the next stage without this backbone.
In this episode, I spoke with David McFarlin of Sunlight Solutions. We discussed insurtech, policy admins systems, legacy technology and how to evaluate and implement new technology without running into the Golden Gate Bridge Problem.