The insurance industry is on the brink of a transformative era, and as a leader, you are already aware of the imperative to modernize. The risks and challenges of legacy systems are clear, and the potential of Generative AI (GenAI) is undeniable. But where do you begin?
In Breaking the Legacy Mold: GenAI Speeds Insurance Core Modernization, NTT DATA explores how insurers can leverage GenAI to:
- Revitalize COBOL Systems: Use AI to translate legacy COBOL systems into modern programming languages, ensuring seamless integration and efficiency.
- Unlock Valuable Data: Access and leverage previously hidden data to enhance claims processing, underwriting, and customer service.
- Streamline Software Development: Automate the software development lifecycle, boosting productivity by up to 90%.
- Enhance Customer Experiences: Implement AI-driven personalization to improve customer interactions and reduce costs by up to 50%.
This report offers a clear roadmap for optimizing your operations, reducing expenses, and accelerating your digital transformation with GenAI. Don't let the complexity of modernization deter you—download the full article now and take the first step towards a more efficient and innovative future.