
💡 TLDR: Insurance carriers are spending up to 70% of their IT budgets maintaining legacy systems, starving innovation & compounding opportunity costs. These outdated infrastructures limit product development, slow data velocity, increase compliance burdens, and inflate cybersecurity risk - all while failing to deliver ROI on analytics and digital transformation.
Modernisation isn't just a technical upgrade; it's a strategic necessity. Legacy systems are creating a false economy that drains resources while competitors accelerate ahead with agile, data-driven architectures. To compete in the AI-powered, compliance-driven future, insurers must shift from maintaining the past to building for adaptability, speed, and trust - starting with the intelligent modernisation of their data foundation. At Praxi, we specialise in transitioning insurers to intelligent metadata-driven architectures without the risk and disruption of full-stack re-platforming. Our platform leverages Expert-Trained Contextual Curation (ETCC) to decouple business logic from legacy systems - allowing innovation to happen above the core while maintaining compliance within it.

New tracks tagged #data access