Rapid advancements in technology are poised to reshape the insurance landscape over the next decade. From the development of motor vehicle safety technology to new approaches in capturing data, the insurance industry is all set to develop fresh ways to interact with customers, agents, and employees.

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Technical Challenges

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• There is a need to build better digital channel applications that are personalized and data-driven.

• Ever-increasing regulation hampers insurance company’s ability to deliver and innovate.

• There is also the need for delivering better digital channel experiences over web and mobile

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What we do?

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DevOps is an emerging model that provides an effective solution for accelerating digital transformation in core areas of operation. DevOps helps in optimizing the way organizations deliver value for their customers and shareholders. It also promotes an agile and flexible delivery approach that facilitates a cross-functional environment, along with creating a culture of continuous improvement.In industry, time to market is directly related to success. A DevOps model helps insurance companies in developing and deploying technology rapidly by enabling successful IT transformation across complex architectures. Thus, establishing a standardized infrastructure environment helps in supporting timely changes. Capabilities such as analytics and software automation are introduced, thereby producing better customer experiences and more efficient operations.The benefits accrued by adopting DevOps as the solution to the challenges listed above include:

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DEVOPS IN INSURANCE: INCREASED SPEED TO MARKET

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• It helps in expanding the breadth of offerings outside of core markets

• It also improves the ability to react to regulatory change

• It also bring changes to products for rapidly meeting market demands

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DEVOPS IN INSURANCE: IMPROVED OPERATING EFFICIENCY

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• It reduces call center volumes

• It also helps in implementing self-service portals

• It can leverage third-party integrations

 

DEVOPS IN INSURANCE: IT CONSOLIDATION

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• It reduces maintenance budgets

• It helps in rationalizing vendor tools and vendors

• It also facilitates simplification of the IT environment

 

Thus, by ensuring agility and continuous improvement, insurance companies are setting themselves up for long-term success. Implementation of DevOps facilitates the adoption of new technologies and innovative business models that helps in increasing the flow of development and deployment while maintaining quality, reliability, and security for its customers.