开启保险业的未来：专家框架——核心系统转型

Investment Rating - The report emphasizes the necessity for insurance companies to modernize their core systems to remain competitive in a rapidly evolving market, indicating a positive investment outlook for companies that successfully implement these changes [4][8][10]. Core Insights - The insurance industry is experiencing a significant transformation driven by the need for customer-centric services, operational efficiency, and the integration of advanced technologies like AI and cloud-based systems [4][10][12]. - Legacy systems are a major barrier to innovation and efficiency, with many companies facing high operational costs and inefficiencies due to outdated technology [8][10][12]. - Successful transformation requires a comprehensive approach that considers business strategy, technology, data, and personnel, rather than solely focusing on technology upgrades [12][14][15]. Summary by Sections Current State of the Industry - Many insurance companies still rely on complex legacy systems, which are costly and inefficient, highlighting the urgent need for transformation [8][10]. - The report discusses the challenges faced by companies in modernizing their core systems, including high costs, project delays, and the risk of failure [13][22]. Drivers for Change - Key drivers for core system replacement include the need for agility, operational efficiency, risk management, and improved user experience [17][20][21]. - The report identifies that modern platforms can enhance flexibility, data management, and customer service, while outdated systems hinder innovation and increase costs [8][20]. Transformation Framework - A structured framework for core system transformation is proposed, emphasizing the importance of aligning business strategy with technology and operational capabilities [14][38]. - The report outlines the critical components necessary for successful transformation, including enterprise architecture, product strategy, and change management [39][50]. Market Trends - The shift towards cloud-based solutions is highlighted as a significant trend, with many vendors moving to offer scalable and flexible platforms [46][48]. - Integration capabilities and the use of AI and automation are becoming increasingly important for optimizing underwriting, claims processing, and customer service [48][49]. Strategic Considerations - The selection of core systems should be based on a strategic framework that considers organizational needs, risk tolerance, and the ability to integrate with existing systems [50][62]. - The report stresses the importance of developing a strong business case for transformation that quantifies financial benefits and aligns with broader digital transformation goals [28][29].