PriyaPatel
TLDR:
- Stephen Holdstock is the Chief Technology Officer of EMEA Insurance at EPAM Systems.
- He provides practical strategies for insurers to overcome the challenges of legacy systems and infrastructures.
Stephen Holdstock, the Chief Technology Officer of EMEA Insurance at EPAM Systems, shares practical strategies for insurers to overcome the barriers to adopting advanced technology in the insurance industry. With over 20 years of industry experience, Mr. Holdstock brings a wealth of knowledge in IT leadership, change management, and large-scale transformation programs.
One key point highlighted in the article is the necessary but dramatic operational shift that the financial services sectors have undergone in the last three years, with customers moving from physical to digital channels. This shift has prompted insurers to reassess their technology agendas to ensure they are prepared for both safety and standout growth in the digital landscape.
Holdstock emphasizes the importance of addressing legacy systems and infrastructures to enable insurers to keep up with evolving customer preferences and advancements in technology. By integrating business, technology, and data effectively, insurers can achieve strategic value and drive transformative outcomes for clients across the insurance industry.
Overall, the article provides valuable insights into how insurers can navigate the challenges of legacy systems and embrace advanced technology to stay competitive in a rapidly evolving digital landscape.
