The insurance industry is confronted with several challenges, including the need to upgrade legacy systems, optimize operations, and deliver superior customer experiences. The industry also needs to adapt to regulatory changes and tech advancements. Low-code technology surfaces as a game-changing solution, enabling swift development and deployment of applications that can effectively address these issues.
Consult an expertThe AppFactory concept, powered by Mendix technology, emerges as a powerful framework to streamline various insurance processes, from risk assessment to claim settlement. It enables insurance companies to establish their own teams and develop their own low-code building blocks, enhancing their ability to respond to changing needs and reducing reliance on external vendors. The benefits include:
With low-code it becomes easy to develop portals that provide customers with real-time insights into their policies, claims, and other pertinent information. These portals not only enhance the customer experience but also lighten the load on customer service representatives. The benefits include:
Leverage the power of low-code technology to develop applications that automate tasks in the insurance industry, such as risk assessment and quote-to-sale processes. These applications are built on modernized legacy systems, providing a seamless integration of new technologies with existing infrastructure. The results are: