We set out to address this question by reviewing hundreds of press releases from over three dozen core system vendors and their 600+ US and Canadian P&C insurance customers. These releases contained selection dates and subsequent go-live dates for 61 implementations with P&C insurance carriers.

We’ve mapped our findings by Tier, duration, core modules, and deployment type. Use this map to understand norms for other P&C insurers of your size and help validate your initial estimates. For key takeaways from our analysis and answers for your own implementation, read on.

Use these approaches to focus on business value and accelerate your P&C core platform implementation:

1. Adopt a policy of zero customization (zero custom development).

2. Move the platform into production as quickly as possible with its base capabilities.

3. Explore additional configuration after deployment.

Use these criteria to narrow your platform selection process to a manageable number of vendors:

1. Supported lines of business (LOBs)

2. Breadth of platform capabilities

3. Client size & type

4. Customers in production

5. Vendor employee count

In the market for a new P&C core platform? Or, are you simply curious about “who’s out there” these days? It can be challenging to find this information.

We’d like to help – check out our inaugural blog post introducing the Coretech Insight Solutions Directory.