𝗙𝘂𝘁𝘂𝗿𝗲-𝗣𝗿𝗼𝗼𝗳𝗶𝗻𝗴 𝗛𝗲𝗮𝗹𝘁𝗵𝗰𝗮𝗿𝗲: 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗦𝗲𝗰𝘂𝗿𝗶𝘁𝘆 𝗧𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝗶𝗲𝘀


The property and casualty (P&C) insurance industry, traditionally viewed as conservative and slow to change, is undergoing a significant transformation. Central to this change is the evolution of P&C insurance core platforms. They are the backbone of insurance operations that includes policy administration, claims processing, underwriting, billing, and customer management. With the advent of digital technologies and shifting customer expectations, these core platforms are reimagined to drive efficiency, agility, and innovation.

Earlier P&C insurers relied on legacy core systems, often characterized by monolithic architectures, inflexibility, and high maintenance costs. These systems were adequate for managing traditional insurance processes but struggled to keep pace with the rapid technological advancements and changing market dynamics. The need for digital transformation has prompted insurers to seek modern and agile core platforms that can support their evolving business needs. In this blog, we will explore the current