The enduring complexity of core modernization

Attempting to replace aging core insurance systems leads to multi-year, high-risk projects, a daunting prospect. Yet standing still means falling further behind an industry constantly in flux. What's an insurance technology leader to do? Incremental, agile approaches emerge as lower risk paths. Success requires aligning business, IT and partners on a unified vision. Not just shiny new technology, but delivering business capabilities. Hybrid teams allow knowledge transfer and manage risk. Savvy CIOs revitalize rather than scrap what exists. Hosts Samir and Sudhar draw on real-world examples balancing pragmatism with ambition.

One of the challenges faced by Insurance CIOs is responding to the demands of the CEO and board regarding AI. What’s the CIO to do in dealing with AI in the insurance industry? The conversation touches on the definitions, applications and evolving nature of AI and the importance of enterprise architecture in managing AI technologies. We explore the role of innovation and the need for a structured approach to AI adoption, and that AI should be seen as a continuous process rather than a one-time transformation

Join hosts Sudhar and Samir as they launch PremiumBytes, a new podcast focused on celebrating and highlighting the challenges faced by insurance technology leaders. In this introduction episode, the hosts explain their backgrounds in insurance technology and strategy and share their vision for having in-depth conversations unpacking current issues in the insurance tech space. They want to shine a light on the often unseen world of tech executives who face endless pressure to cut costs while also adopting the latest innovations. In future episodes, they plan to explore topics like AI, chatbots, enterprise architecture, innovation processes, and more - always taking a deep dive to bring relevancy and perspective to leaders in the insurance industry. Whether you're a CIO, CTO, CDO or someone doing the hands-on work, this podcast aims to engage the community and make sure everyone has fun while learning together.