Scott Field, Head of International Product at Duck Creek, was interviewed recently by Jonathan Swift, Content Director at Insurance Post, for a dynamic discussion about a number of hot technology topics for insurers.
The discussion included the benefits for insurance companies of adopting evergreen technologies; the general understanding of SaaS (Software as a service) platforms across the insurance market, and the benefits insurance companies can achieve by embracing SaaS platforms.
Field commented: “With evergreen technologies, you’re constantly up-to-date and you’re getting new updates from your providers a couple of times a month. So you’re constantly testing, and when you’re testing all of the elements of your technology regularly, simple changes are simpler because you’re not having to do the significant test cycles that you have to with older technologies.
If you want to reap the benefits of evergreen and cloud technologies, you need to get off legacy systems. This is the challenge for insurers in the next few years – many of whom know where they want to go and end up, but the journey to get there is the complicated piece that is going to take some thought”.
To listen to a recording of this interview, please click on the link here.