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InsurTech NY: Core Systems Evolution - InsurTech and Legacy Integration

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InsurTech NY: Core Systems Evolution - InsurTech and Legacy Integration

About this Event

Note: Presentations and networking will be 100% virtual. Go to Enhanced Virtual Experience section to learn more

InsurTech NY Event Details

The global pandemic has brought to light one of the worst-kept secrets of IT Departments. The majority of their budgets are spent on maintaining legacy systems and of organizations that were started before the space era. Many of those legacy systems were built before the graduating class of Gen-Zs computer science majors were born.

The challenge in starting transformation projects is that they are high-risk because most projects are mission-critical and have no redundancy. Insurers cannot do without their policy administration, billing, or claims systems for even a few hours. And, transformation is expensive. According to a study by Deloitte and LIMRA [1], the estimated payback period of 60% of transformation projects is more than 4 years or unknown.

Fortunately, all hope is not lost. Almost half of the companies surveyed by LIMRA [1] have completed at least one transformation so far. Traditional core systems providers have developed paths to derisk transformation and InsurTechs now have solutions to tackle challenges through APIs, Microservices, and partial replacements. Learn the latest changes from our panels of experts who have been through dozens of digital transformations.

Agenda Overview

1:00 PM EST - Welcome & Introductions

1:05 PM EST - TED Talk 1

1:20 PM EST - Panel 1: Derisking upgrades: How to effectively manage career-risk upgrades

1:50 PM EST - TED Talk 2

2:05 PM EST - Panel 2: Legacy + InsurTech: The checklist for integrating with InsurTechs

2:45 PM EST - Virtual Networking

5:00 PM EST - Wrap-Up and Raffles

5:15 PM EST - End

Featured Speakers

We are bringing together an expert line up of insurance carrier leaders, InsurTech founders, and solution provider leaders. This page will be continuously updated with new speakers.

ClarionDoor - Michael Degusta - CEO

BobTrak - David Kelly - CEO

Tokio Marine - Bob Pick - SVP & Chief Information Officer

Nationwide - Chetan Kandhari - Chief Digital Officer and Senior Vice President

Novarica - Jeff Goldberg - EVP Research and Consulting

EIS Group - Anthony Grosso - SVP Global Marketing and Communications

Iosis Consulting - David Bradford - Principal

Safe Auto - Greg Tacchetti - Chief Information and Strategy Officer

Guidewire Software - Chris Vavra - Sr Director Product Management, Cloud Platform

Microsoft - Jonathan Silverman - Insurance Industry Executive

Enhanced Virtual Experience

Virtual networking app We have partnered with Grip. You can use the app during the networking time to set up 15 minute 1-on-1 virtual meetings. You will be amazed at how effective it is.

State of the art conferencing software You will have audio, video, and presentation screens. You will also be able to interact with the speakers.

Full access to the content recording All of the sessions will be recorded and shared with the attendees for future review

Our Sponsors

Thank you to our sponsors for making this conference possible: Guidewire, EIS, EY, Microsoft, & ClarionDoor

If you would like to have to learn more about sponsoring our events, please email contact@insurtechny.com.

Who Should Attend

  • Corporate IT: CIOs, VPs, Directors, and Managers of IT and Technology
  • Analytics: VPs, Directors, and Managers in Analytics
  • Data Science and Architects: VPs, Directors, and Managers of Data Science and Enterprise Architecture
  • Policy Admin: VPs, Directors, and Mangers of Policy Administration
  • InsurTech Founders and Executives
  • Innovation Leaders: VPs, Directors, and Managers of Innovation
  • Corporate Ventures: Managing Directors, Principals, and Associates in Corporate Ventures Capital
  • VCs and Angel Investors

About InsurTechNY

InsurTechNY's mission is to bring together carriers, brokers, startups, and investors to help accelerate the digital transformation of the Insurance industry in the greater New York region. We do this by facilitating new relationships and sharing insights from influencers within the industry through hosting 6 educational and networking events a year (est. every 2 months). Please visit our website, www.InsurTechNY.com for more details.

A Previous InsurTech NY Event

Below is an example of one of our bi-monthly events (Dec 5). Influencers from Carriers/Brokers such as NY Life, Prudential, and Everest Re and InsurTech startups such as Hyper Science and Livegenic and investors from IA Capital and Overlook Rock attended the event from the greater NY region and beyond.

Video: Full event on Youtube

Follow us on social media.

Linkedin: https://www.linkedin.com/company/insurtechny

Twitter: https://twitter.com/InsurTechNY

Meetup: https://www.meetup.com/insurtechNewYork/

Privacy note: InsurTech NY collects your email and phone number at registration. We use your information to share news and updates about this event and future events. We also reserve the option to share your information with our event sponsors. If you wish to opt-out, please email contact@insurtechny.com.

[1] Deloitte & LIMRA Study: Legacy systems and modernization (2017). Access here.

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