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OOM Verzekeringen innovates and makes its IT infrastructure and processes future-proof again. The insurer opts for a completely renewed IT setup on Novulo's insurance platform, which is implemented and managed as a SaaS solution by market and technology expert IG&H. OOM is not the first insurer to take this step. Recently, insurers Nh1816 and Markel also opted for the IG&H and Novulo solution.
Due to the popularity of composability and integration platforms, PaaS services have emerged strongly. “As organizations want to become more agile, many companies are acquiring knowledge for software development and analytics applications in addition to investing in a centralized application portfolio,” Gartner® writes in a press announcement of its Hype Cycle for Cloud Platform Services™. “The growing demand from the business to become self-sufficient has led to the rapid growth and maturity of low-code platforms.” Cloud services have emerged and expanded so quickly that the classic three-format of infrastructure, platform and software (IaaS, PaaS and SaaS) is no longer sufficient. Numerous suppliers have come up with new scalable, shared services that facilitate software building blocks entirely from the cloud. For example, there are now low-code platforms that allow you to assemble new business software from a broad collection of API-driven processes to serve a new target group or simplify work processes.
Leading insurer opts for a complete SaaS solution from IG&H based on Novulo.
Novulo welcomes Insurance Data as a new partner. Through this cooperation, many migration concerns can be addressed by insurers and proxies who want to switch to Novulo. Together, a migration strategy and functionality have been developed where customers switch to the Novulo platform smoothly and in a controlled manner.
IG&H and Novulo are proud to announce a strategic partnership. The parties are transforming the insurance market with a comprehensive back, mid and front office solution based on composable technology. This gives the insurance market back control over the application landscape.
In an era where digital innovation is critical, insurance companies are at risk of being left behind because of outdated systems. While once essential, these legacy core applications are now hampering essential innovations, particularly in advanced data analysis and customer interaction. In a rapidly changing market, the need to renew these systems is more urgent than ever. Companies in the insurance industry find themselves caught in a paradox: sticking to outdated systems means a missed opportunity for personalized services, while automation costs, which average 6.9% of turnover, will continue to rise by an average of 10% over the next three years (Adfiz Advies in figures 2022/2023). This cost increase is so high that it limits the flexibility and growth capacity of companies. That is why a good insight into the Total Cost of Ownership (TCO) of software is essential. A look at these figures shows that a review of the technological agenda is urgently needed, not only to reduce the costs of software, but also, above all, to actually get software-based innovation off the ground.
