InsurTech As A Service

The Insurance industry continues to face unprecedented challenges, from increased regulation to providing a digital experience customers now expect whilst leveraging a technology estate that consists of applications and systems that were not designed for this new world. Additionally, Insurers have a desire to understand their customers better, create or tailor products to a customer’s unique needs whilst remaining competitive commercially.

InsurTech is seen by the industry as a solution to many of these challenges, and many Insurers are partnering with these companies to solve some of these challenges. However the InsurTech company/product landscape is varied, young and - in most instances - each InsurTech solves very specific problems in what is a broad and diverse value chain when it comes to insurance products. Customers have shared with us that this causes nervousness in relation to longevity, integration and scalability.

We have created a consortium of partners bringing enterprise level stability and scalability to InsurTech as part of our “InsurTech As A Service” solution. Leveraging best of breed Enterprise Solutions, Cloud infrastructure and services, Artificial intelligence, InsurTech. This consortium will prevent companies repeating the mistakes of the past in relation to technical debt and sprawl, simplify inevitable future regulatory compliance and leverage data to reduce risk and provide customers with new products that will be tailored to their needs in all lines of Insurance.

If you would like a demonstration of what is possible please contact me.

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