Blog

Discover articles, reports, market insights, interviews and more across the hottest insurance topics today.

modernization

Why Companies Fail at Modernization (And What to Do Instead)

Insurance modernization often leads to bloated budgets, frustrated teams, and complex systems that don’t deliver results. Discover the key mistakes insurers make and a smarter approach to modernization that actually works.

5 Silent Inefficiencies Costing Your Insurance Business Millions

Most insurance executives focus on cutting visible costs, but the real financial drains are often hidden. Siloed data, outdated systems, and misaligned IT strategies quietly erode profitability, slowing down decision-making and innovation.

How to Break Free from the IT Maintenance Trap

IT teams spend 80% of their budgets on maintenance, leaving little room for innovation. Learn how CIOs can eliminate waste, invest in automation, and align IT with business strategy to drive transformation.
strategy

From Strategy to Execution: Why Most Companies Fall Short

Most businesses create great strategies, but few successfully execute them. Why? Misalignment, lack of accountability, and shifting priorities often stand in the way. This guide breaks down the common pitfalls and offers practical solutions to turn strategy into action.

Overcoming Traditional PMO Failure: Rethink Project Management

Traditional PMO failure is at an all-time high, with organizations struggling to drive business value. This post explores the reasons behind it and introduces a smarter, more agile alternative—the Performance Strategy Office by FiveM.
Why Most Companies Fail at Modernization

Modernization Strategy Failure: Why Most Companies Get It Wrong

Many companies fail at modernization because they treat it as a tech upgrade instead of a strategic initiative. This article explores the biggest pitfalls and provides a roadmap to successful transformation.
No-Code/Low-Code

Modernizing Insurance Faster with No-Code/Low-Code

Insurance companies face IT bottlenecks and slow modernization. No-Code/Low-Code (NCLC) platforms offer a faster, more efficient way to innovate. But are they the ultimate solution? Learn the benefits, challenges, and best practices of NCLC in the insurance industry.
PMO

Redefining Project Success in the Modern Era

Traditional Project Management Offices (PMOs) are losing relevance, prioritizing governance over real business value. Enter the Performance Strategy Office (PSO)—a modern, outcome-driven framework designed for agility, strategic alignment, and measurable impact.
Operational Strategies to Accelerate Results in 2025

Operational Strategies to Accelerate Results in 2025

As we step into 2025, operational precision is critical for small and medium-sized organizations striving for success. Learn key strategies like process optimization, real-time data integration, and incremental modernization to accelerate business results.
handshake

Customer-First Operations: Transforming Insurance

The insurance industry is transforming with a customer-first operational approach. Discover why this shift matters, the challenges of traditional practices, and actionable steps to foster innovation, loyalty, and long-term success.

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5 key lessons in modernization

FiveM has extensive experience advising leaders on modernization initiatives, resulting in valuable insights and “The Five Key Lessons” for digital transformation.