Many major financial institutions and insurance companies still operate on decades-old mainframe systems that are nearing their breaking point due to scale.

Angela Strange predicts that by 2026, the risk of not replacing legacy systems in financial services and insurance will surpass the risk of implementing new technology.

Angela Strange predicts a dramatic acceleration in 2026 for AI-first platform companies that sell into the banking and insurance industries.

Early adopter companies in mortgage servicing have used new technology platforms to increase their business unit margins from 5% to 50%.

In the insurance industry, underwriters are often unable to process all incoming demand due to legacy system limitations, resulting in lost revenue.