PriyaPatel
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TLDR:
- Deloitte launches Insurance Growth Suite technology solutions to address challenges in the insurance industry.
- The platform is designed to help insurance companies future-proof their investments and improve customer experiences.
Key Points:
Today, the insurance industry is facing a unique challenge. Carriers are constantly tackling emerging issues and trends with limited time to react, leaving customers and brokers dissatisfied with their experience. Insurance companies have invested billions of dollars toward digital modernization, but their customers don’t see it. Most investments are internal, and many companies often struggle to convert them into a better business experience for agents, brokers, stakeholders, and customers.
As the entire insurance industry starts to look forward and drive innovation, they should consider future-proofing their investments to keep pace with emerging technologies—on top of emerging market trends. Deloitte announced the launch of Converge by Deloitte’s Insurance Growth Suite (IGS), a cloud-native platform that’s designed to help unlock the future of insurance. The pre-integrated, pre-configured insurance solutions accelerate implementation and blend into an organization’s tech stack, helping to reduce time to market, cost, and complexity when migrating to the cloud.
Insurance Growth Suite’s cost-effective approach to migrating and operating on the cloud offers flexibility to add or remove environments, access to product-agnostic APIs, and the ability to scale solutions. The platform includes capabilities such as digital experience, microservices-based cloud integration platform, acceleration of insurance core systems implementation, and positioning carriers to leverage a more reliable framework while simplifying their tech stack.
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