According to a recent survey on insurance technologies, about 90% of the responders said that in the next five years customers will be looking for insurance through online or mobile apps. Insurance companies are slowly trying to move towards digital transformation and smart technology system. If they wish to catch up with today’s technology, they have to digitize and that too at a faster pace. 

This will enable customers to get access to real-time data whenever and wherever they are. Slow-moving systems can’t really cope with the fast-moving insurance landscape. Companies have to adapt and move in record time to provide seamless customer experience. Microservices can help extend insurance systems to mobile, web, and cloud with low risk. By using Microservice-based APIs you can:

Accelerate Digital Innovations – Microservices, with its smaller and independent business processes. Businesses can now avoid complex architectures and the records directly. 

Ease the pain of Digital Transformation – Microservice-based APIs are directly connected to the legacy system, and hence eliminates middleware layers and perform much better. 

Succeed where past transformation failed – Microservices proved that they can be built easily with much cheaper costs, tested quickly, and integrate without making many changes to the pre-existing legacy systems. 

Innovative and Agile – Microservices support rapid business innovations and user interfaces to quickly to stay ahead.

Insurance sectors and other industries can now solve common problems with legacy frameworks. Read on to know more about Microservices in the insurance sector.