“Technology is best when it brings people together” – so said web entrepreneur Matt Mullenweg. It’s of course fitting that an online technology pioneer can summarise this statement so eloquently and simply – a truth borne out of successful experience.
Insurers considering new enterprise software have choices at their fingertips of course. One of the main choices they are presented with is architectural – whether to deploy an on-demand implementation, which sees their enterprise software hosted in our cloud and provided as software as a service (SaaS), or an on-premise deployment, hosted on their own servers.
Increasingly, we are seeing insurers move towards on-demand implementations, which can be deployed quickly and require less internal resources to maintain, while still providing control and broad scope for customisation.
Duck Creek Technologies’ Chief Technology Officer Nageswaran Vaidyanathan highlights a trio of key aspects of on-demand SaaS technology that offer advantages for insurers.