Octo’s Senior VP of Revenue and Sales, Vincent Bonnet, was recently published in Modern Insurance Magazine:
Strategic partnerships are essential to an insurer’s success. Just 20 years ago insurers tried to be as self-sufficient as possible using “suppliers” for delivering non-core services. Some of the “legacy system” problems that inhibit the industry come from that type of thinking.
Complex IT systems developed ‘in-house’ rather than leveraging specific external IT expertise.