In a huge industry movement, 75% of insurance organizations around the world are planning to replace their core insurance management platforms by 2025, according to a comprehensive global report commissioned by Novidea titled "Legacy Out, Digitalization In: The State of Modern Insurance Technologies 2024.''
The key findings of the report have been derived from a 2023 survey of 330 full-time C-level insurance leaders across eight countries. The digital transformation is particularly expected to be expedited in the London Market, with brokers there making the shift a year earlier, in 2024, influenced by the implementation of Blueprint 2.0.
