As InsurTech and BigTech firms solidify their foothold in the insurance industry, it’s important that incumbent insurers make the move to modern platforms with an open insurance architecture that allows them to quickly launch new products and services.
The on-premise, federated, layered ecosystem that mostly exists currently must be replaced with an open insurance architecture that is collaborative and seamlessly operable with external partners. The digital insurer of the future will become the center of an ecosystem composed of customers, third parties, non-insurance services and other ecosystems. Underpinned by open APIs, the ecosystem will allow easier external access to core business functions.
Our Open Insurance Platform solution enables an insurer to quickly transition to an open digital insurance architecture.
Our solution covers the following topics:
- Digital Core Processing Transformation
- Cloud Platform
- Unlocking the hybrid integration dividend
- API-fication: a three-step process to joining the API economy
To learn more, write to us at firstname.lastname@example.org.