Low code/no code advantage
25th January 2023The completion of an ambitious project to migrate all core systems to the cloud means that CDL heads into 2023 as a cloud-only operation. This brings a number of well rehearsed benefits for customers, particularly in terms of security, resilience, scalability and performance gains. Less talked about, but equally important, is the advantage of being able to provide Software as a Service (SaaS), using a low code / no code model to enable new partners to onboard within a matter of days or weeks rather than months. CDL CTO Robert Trueman explains.
CDL solutions have always been designed to provide highly configurable, out-of-the-box capabilities, allowing customers to control the configuration and management of their own systems to drive the differentiation and distribution of their brands.
With the move to cloud-hosting giving access to the latest technologies and tools, it has never been easier for insurance providers to make a clean break from legacy software and access transformational business benefits, including greater operational efficiencies, reduced risk, a modern customer experience and the agility to respond more quickly to market changes.
Under the SaaS model, AWS provides cloud-hosting, whilst CDL is the Independent Software Vendor (ISV), building and running the business services used by its clients. These include Strata, Policy Manager, Kingfisher, VIS, Hummingbird and Chorus, which together provide comprehensive insurance ecosystems with sophisticated pricing, data and digital capabilities. Moreover, CDL’s ongoing investment in its product road map delivers regular updates of new functionality for clients to activate as they require.
Wide-ranging benefitsAs well as bringing innovation to market at speed, benefits of SaaS include being customisable, easily updatable and scalable; offering strong safety and security data protocols; ease of maintenance and provider accountability.
IT infrastructure costs are reduced, with data stored on the cloud rather than requiring on-premise hosted solutions. Solutions can also be scaled quickly and at a more favourable cost. As no code software takes change out of the realms of software engineers and into the hands of business users, this simultaneously increases the pace and lowers the cost of change. Finally, low/no code software benefits from open architecture, connectivity and the ability to integrate with other systems.
The need for speedUltimately, speed of deployment is critical to companies and organisations looking to adopt new digital insurance platforms.
Often the move to a new platform or ecosystem is driven by the desire to achieve digital and business transformation that will drive further growth and efficiencies, so there is real value in accelerating access to these benefits. The progress we have already made in enabling this is significant, and we anticipate even greater strides as we move forward as a cloud-only company.
If you are interested in how SaaS models facilitated by AWS cloud-hosting can streamline digital transformation, email email@example.com