Re-Architecting and Modernizing to cater fast growing Insurance Market

Introduction

10 Billion Dollar Insurance Provide listed in the Middle East, providing insurance services and solutions right across MENA and Europe.

Background

A core application rich in features, running with old technologies. Monolithic Insurance Core Application which was lumbering, inefficient and had trouble scaling.

Problem Statement
  • Engineering vs Re-Engineering dilemma
  • Competition going Digital.
  • Lack of complementing technology road maps
  • Ever changing Technology Landscape.
  • No roadmaps for Technology to support business growth.
Solution
Credit Risk Analysis
  • Our Technology and Innovation & Engineering Office did an in-depth analysis of existing landscape.
  • Understood Tech Debts and Matched against business objectives.
Re-Architecting Solutioning
  • Micro Services based Architecture.
  • MVP on specific use case and scenarios.
Blue Printing
  • Phased Approach and backlog creation.
  • Migration of front-end screens using existing services through wrapper component.
  • Module wise front-end migration.
  • Core services and business logic re-engineering.
Portal Development
  • Feature rich high impact features on portals.
  • Seamless Integration through API’s to the core applications.
Productization
  • Database Agnostic
  • Configurable
  • Cloud Ready
Benefits
Built trust for technology migration.
Controllable project budgeting and scope which ensures a clear framework to measure ROI.
Improved
  • Maintainability
  • Flexibility
  • Observability
  • Scalability
5X improvement in process efficiency.

 Last mile automation and digitalization.

Enhanced customer experience.
3X improved speed for Feature time to market.
30% reduction in overall cost per feature.
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