This is a great back-end solution to digitize insurance solutions especially for the Millennial generation! Millennials expect instant results as they tap through their smartphones. If they can deposit a check or book a flight in seconds, they expect insurers to provide the same: instant quote, policy issuance, and claims submission all through a mobile app. Insurers need to evolve to deliver on millennial expectations, just like most industries have already done. That means using digital technology to create simple, easy user interfaces (UIs) and processes. Review collected by and hosted on G2.com.
The fatal flaw of legacy systems is their inability to adapt and thus, inability to support digital insurance. Too many insurance companies continue using antiquated systems created 30, even 40 years ago. For many years, IT staffers have jerry-rigged solutions around their legacy systems, which has further complicated IT environments. They’ve also gone deeper in technology debt by adding maintenance costs of multiple systems. Insurance CIOs have come to accept that they can no longer extend the lives of their legacy systems. Review collected by and hosted on G2.com.