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Platform Modernization: Best Practices to Tackle an Evergreen Problem

Karen R. Terry, FLMI; Kartik Sakthivel, PhD, MS-IT/MS-CS, MBA, PGC-IQ; Sanjay Kaniyar; Rahil Jogani 6/15/2021

This report provides a benchmark for the current state of industry legacy systems and explores best practices for modernization success.

Summary

LIMRA and McKinsey & Company surveyed LIMRA member companies in the United States and Canada to explore the state of their legacy systems and modernization effort experience. The report covers the following areas:

  • Modernization approaches
  • System selection criteria
  • Business case development
  • Success/failure factors

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Meet the Project Director

Karen R. Terry, FLMI

Karen Terry oversees LIMRA’s Individual Product Research team, which provides research on product design, company practices, market trends, and the sales and marketing of individual life, disability and critical illness products in the U.S. and Canada. With over 25 years of individual product and consumer research experience, Karen serves as a resource on industry performance measures to LIMRA staff, member companies, and the media. She received her bachelor’s degree in marketing from the University of Maryland.

Assistant Vice President, Insurance Research – Product, LIMRA and LOMA
LIMRA and LOMA
kterry@limra.com


For more information, please contact kterry@limra.com.

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