Portugal, Feb. 19 -- Project Id: 68614
Description: Grant agreement ID: 823185
Status
Ongoing project
Start date
1 October 2018
End date
30 September 2020
Funded under:
H2020-EU.3. , H2020-EU.2.3. , H2020-EU.2.1.
Overall budget:
€ 1 999 681,25
EU contribution
€ 1 399 776,88
Objective
Last time you paid your insurance bill, did you realize that about 25% was to pay for legacy processes that are frozen due to inflexible IT systems setup in the 80s and 90s? You'd be right to expect that a worldwide industry with 32,000 insurers generating over 3% of world's GDP with a highly immaterial business model would be the first to make effective use of IT. It isn't.
The knowledge needed to run the business has been buried un...