Benefits of DevOps for the Insurance Industry : The first known insurance contracts date back to Genoa in 1347. With a rich history spanning more than 650 years, insurance is one of the largest service industries in the world. Also, Insurance based on it assumes human touch and relationships. As a result, the Insurance Industry has built a reputation as a “Legacy Field: Traditional, careful and conscientious!”
Now in the era of Digital Transformation, the Insurance industry focuses on mobile applications and online services to reach its customers. These initiatives are complex and the prospect of implementing large-scale change is daunting.
There are several unique barriers for Insurance leaders to embrace digital transformation in taking their organizations to the next level, such as leading organizational change in traditional cultures, agility to embrace new technologies and ensuring quality and reliability.
DevOps for the Insurance and related sectors certainly helps to overcome some of these challenges, which can be categorized as follows:
Comparison shopping and insurance aggregators drive a competitive business environment.
Leverage data analytics to provide a better customer experience and more efficient operations.
Build personalized, data-driven digital channel applications.
Provides a better digital channel experience across all channels.
Increased regulation hinders the ability of insurance companies to deliver and innovate.
DevOps is a new model that provides effective solutions to accelerate digital transformation in core areas of operations.
DevOps helps in optimizing the value delivered to their customers and shareholders and promotes an agile and flexible delivery approach that facilitates a cross-functional environment, along with creating a culture of continuous improvement. On a foundation of Collaboration, communication, Integration and Automation, DevOps ensures reliability, agility, flexibility and quality!!
In the insurance industry, time to market is directly related to success. The DevOps model helps insurers … Read more