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Replacing or modernizing a core system is an important undertaking for an insurer and for those working on the project. It’s commonly known that core system projects require time, effort and money to attain success. Selecting the best system and vendor for your project is critical to getting the results you want. That selection requires determination, dedication, and a lot of research on available systems. In the words of some project veterans, “There are no shortcuts.” Although you may have scanned the market to see available vendors and offerings, once your business case is approved, more in-depth research becomes a high priority. • Your Cross-Functional Committee • Should You Hire a Consultant? • Tracking Down Vendors • Researching What Industry Analysts Say
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