Software can be swiftly developed using low-code platforms with little proprietary coding. These platforms offer basic code and connectors so that businesses can create applications without having to create intricate infrastructure. Customizable workflows and features are made possible by low-code software, which also reduces the development period to a few days or hours. To build things, nevertheless, takes solid programming abilities. Insurance companies can work together with the core system to maximise their innovation, even if low-code/no-code platforms are frequently praised for their simplicity of use and capacity to increase productivity. Insurance companies may develop really innovative products and first-rate client services by utilising a low-code/no-code platform to create digital frontend experiences and an insurance core platform to provide strong backend capabilities.
Points of discussion
1. Platforms for low-code development enable users to create unique applications without having to be familiar with languages like Python or Java. Can you brief us on what this low-code platforms are built and how it enables innovation in insurance?
2. What distinguishes core insurance platforms from low-code/no-code development platforms? Any examples from CoverStack?
3. In insurance what matters the most is creating great experiences for customers. How do you think, low-code/no-code platforms can improve the end-to-end experiences of customers when combined with the insurance core system.
Speaker Bio: John Mayne, a senior professional with over 25 years of experience across Insurance, Banking and Micro finance. He is currently the Executive Director of Coverfox Group which includes subsidiaries (Coverfox Insurance, Coverstack Technologies, Coverdrive). Prior to Coverfox, John co-founded and led Future First and Anjali Micro Finance. Besides, he has also successfully ran large profit centres and SBUs across various business lines in India and abroad.