Technology

Next level thinking is needed when dealing with legacy systems

Big Data is having a massive impact on the insurance industry. Like many other aspects of technology, Big Data is becoming a ticket to the game when it comes to the future success of insurers.

Digital transformation should be a priority for small businesses in South Africa

#Unicorpstarts: An exciting innovation engine opportunity

Globally startups are considered to be innovation engines where innovative products and solutions are hatched. The truth, however, is that there’s more to innovative products and solutions than just startups. One good example from LaunchLab is MyLifeline, a startup that developed an innovative wearable product that has transformed the panic button as we know it. MyLifeline is making it possible for you to walk around with a panic button in the form of a wearable watch that you can press and call for help whenever your life is threatened.

Opinion piece: Is modernising legacy insurance systems worth the hassle and expense?

Digital transformation is on the agenda of many insurance companies, and a number have successfully and effectively deployed digital customer facing solutions, offering their customers unique and improved customer experiences. Alongside this customer-facing transformation, insurers have also begun implementing systems that support a world of mobility and data-driven insights. However, most insurers are still heavily reliant on old, legacy systems for long terms policies, which hinders this process.