Library: Capgemini Report: Guidewire Cloud Migration – Transitioning your core platform efficiently
The Capgemini report examines how insurance companies can efficiently transition their core IT systems to the Guidewire cloud platform to meet rising customer demands in a rapidly evolving industry. Adopting a cloud migration factory approach facilitates a smooth and rapid shift that unlocks innovation and efficiency.
- Industry pressures require digital modernization – Between climate change impacts, evolving consumer expectations for digital experiences, insurtech disruption and other trends, insurers face permanent shifts requiring flexible, responsive core systems.
- Transition to a modern cloud platform – To withstand volatility and perform with agility, insurers need to upgrade legacy core software infrastructure to SaaS solutions like Guidewire Cloud that reduce costs and complexity while increasing capabilities.
- Cloud migration factory enables efficient transition – Standardizing and industrializing processes through a factory model allows insurers to implement Guidewire Cloud quickly, predictably and successfully by optimizing resources and reducing testing needs.
- Key considerations for maximizing cloud value – When migrating, insurers should focus on enabling future technical capabilities aligned to business strategy, managing organizational change implications, and adjusting operating models to leverage the cloud.
In conclusion, external pressures and the future demands of insurance make transitioning core systems to the cloud essential, and a cloud migration factory approach can empower insurers to do this rapidly and effectively.
See the full report for more…
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