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"Understanding the Impact of Implementation Timelines on P&C"

Modernizing core insurance systems is no longer optional -- it's critical to staying Competitive. This report will help you understand the impact of implementation timelines, provide benchmarks, and help you make more informed digital transformation decisions.

Modernizing core insurance systems is no longer optional — it's critical to staying competitive in today's fast-moving market. However, the complexity of these projects often leads to extended implementation times, which can have significant consequences for an insurer’s business operations and growth. This study leverages publicly available go-live project data from six leading P&C insurance core system vendors, providing an analysis of implementation timelines and outcomes based on objective data.

The findings presented in this report provide valuable benchmarks for insurers to make informed decisions in their vendor selection process. By prioritizing partners that can deliver rapid speed to value, insurers can accelerate their digital transformation journey and start realizing the benefits of modern P&C insurance technology.

Insights include:

• Implementation Timelines: Explore the variability in implementation durations among top P&C providers and understand the factors contributing to these differences.
• Project Scope: Analyze the trends in singular policy or claims implementations versus full suite implementations and their impact on project success.
• Geography: Investigate whether the geographic scope of a project influences implementation timelines.
• New vs. Expansion Projects: Compare the efficiency of new implementations with expansion projects involving existing vendors.

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Gain insights into the current implementation landscape and make more informed decisions for your organization's digital transformation.

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