Seeking Alpha
Editor's notes: Amid an impending embrace of systems modernization, this company is tremendously positioned. Shares of GWRE could triple.

Property and casualty (P&C) insurance is a $2 trillion global industry in the beginning stages of a once-in-a-generation technology transition. Most P&C insurance companies continue to depend on 30-year-old "green screen" software running on COBOL, an outdated programming language which is difficult to upgrade or integrate with today's modern technology. This has become a structural constraint on insurer profitability and competitiveness, and the large technology incumbents have functionally inadequate offerings and custom development is prohibitively costly and risky. The "right" solution is a standard product platform generalized to the entire P&C industry, and the market winner in this space will enjoy very long-term customer relationships and the opportunity to provide many other applications and data services to a secure customer...

Only subscribers can access this article, which is part of the PRO research library covering 3,775 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: