Eating the Elephant of Legacy Systems—In Small Bites
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According to Xuber's Richard Clark, insurers and reinsurers can overcome the problems of replacing legacy systems by tackling the overhaul piece by piece. During an interview at the Rendez-Vous de Septembre in Monte Carlo, he explained that Xuber can now sell separate technology components--for claims or underwriting, for example--in addition to its traditional offerings of end-to-end systems.