When build-versus-buy decisions skip a total-cost view, the profitability damage shows up later, in budget overruns and margin absorbed by unplanned implementation and maintenance spend.
Legacy core systems that can't support new treaty structures don't just create IT friction, they quietly erode margin and capital efficiency deal by deal.
When technology adoption stalls after the demo, reinsurers keep paying for a system while getting little of the promised value, a quiet but real drag on profitability.