Traditional Development vs Low-Code vs Out-of-the-Box software:
Forrester Report reinforces Appian as an established and attractive path for Carriers and Brokers who want efficient and reliable digital innovation to be at the heart of their business
Forrester has named Appian as a market leader in automated life insurance underwriting.
The Forrester report is testament to the efficacy of Appian’s low-code application development and intelligent automation offering. It empowers business executives and IT teams to collaborate and build powerful and scalable business applications from the ground up, much more quickly and economically than using traditional coding methodology or inflexible out-of-the-box software.
The report sends a strong signal: Insurers and carriers no longer need to be ‘locked in’ by stifling legacy software houses to provide the platforms needed to do business and distribute product. Legacy software packages and associated data should instead be integrated into a single and actionable platform, upon which innovative, powerful and complex automated enterprise applications can be built quickly, economically and – most importantly – designed with the input of business and end users in mind. The days of thinking in terms of industry specific “insurance software” or “banking software” are rightly coming to an end as the intelligent automation world prevails.
If Life Insurance underwriting, why not claims, broker processes, finance, data analytics/reporting, HR, customer experience and much more besides? Coupled with intelligent process automation and its robust ability to coordinate the modern workforce (humans, RPA and AI), the Appian platform is well-positioned to deliver considerable value efficiency to insurance businesses who are seeking to end data siloes and become fully integrated. Insurtech organisations are now moving into the next digital decade.
The Appian platform is designed to deliver a complete digital transformation journey and to empower businesses to absorb and adapt to future market or regulatory challenges and opportunities.
For more information about how psKINETIC can help you implement a successful Appian programme, do get in touch with Tim Hatzis on 07456 650350 or at email@example.com
AUTHOR: Tim Hatzis | Account Executive, Insurance | psKINETIC
Read more about our insurance software solutions