Legacy System Replacement

Carriers and agencies are migrating off legacy core systems — policy administration, billing, and claims platforms — toward modern, integrated architectures.

Analysis:

Legacy system replacement in insurance is a multi-billion dollar opportunity. Modern core platforms (Guidewire, Duck Creek) serve large carriers but the mid-market and MGA segment is underserved. Startups building modern, API-first core systems for smaller carriers and MGAs have a massive wedge.