Agile-Led Legacy Modernization in Insurance: A Framework Integrating Product Management with Core Suite Implementation

In the highly regulated insurance industry, modernizing legacy core systems is essential to sustain competitive advantage and operational agility. This study proposes a conceptual framework for agile-led legacy modernization that explicitly integrates product management disciplines with core suite implementation processes. Utilizing a comprehensive literature synthesis and industry practice analysis, the framework emphasizes iterative development, cross-functional collaboration, and continuous stakeholder feedback. The primary insights indicate that organizations adopting this integrated framework can significantly improve delivery speed, product alignment, and innovation outcomes while minimizing risk. A case-synthesis illustrates improvements in agile maturity and performance metrics (e.g., time-to-market, defect rates) post- modernization. The proposed model bridges theoretical gaps in aligning agile principles with traditional core implementations. It offers a roadmap for insurers to achieve sustainable digital transformation and suggests future empirical evaluation of the framework in practice.