Taming existing tech: A strategic approach for insurance modernization

Insurance remains an incredibly data-heavy industry with deep roots. Based on product offerings and strict regulatory data retention rules, a significant number of existing systems, some decades-old, are still in operation. It’s not uncommon to find COBOL-coded applications or AS/400s continuing to run mission-critical workloads.There’s a valid reason for this: the insurance sector was an early adopter of these data-heavy environments, and the technology worked well.However, managing this data over decades created heavy technical debt.