5 Good Design Principles for Insurance Applications
Insurance departments, facing delayed innovation and technical debt, are turning to low-code or no-code platforms. These collaborative platforms serve as alternatives, or better ways, to work with IT. In either case, reaching objectives is no longer dependent on limited resources with this new strategy. However, not every low-code platform delivers what insurers need to prevent several software liabilities, which highly skilled developers otherwise overcome. Choosing the right platform which builds-in “good design” principles is your path to success.
…not every low-code platform delivers what insurers need to prevent several types of software liabilities, which highly skilled developers otherwise overcome manually.
Choosing a platform that incorporates good design principles saves months or years of learning when needing to achieve your business objectives today. But the ease of visually creating applications must include the guardrails for composable, enterprise-class solutions that stand the test of time. You can have this eBook here to find out more for Insurance Companies. Consider these must-haves in choosing your platform, especially for carriers:
Structure: Insurance processing is competitive and ever-changing. The way you visually establish the building blocks must then output clean, easily identifiable and updatable code. You build the business-model, it takes care of the technology. Look for “Object-Oriented Programming”, or OOP, under the platform’s hood to make sure it delivers an enterprise-class solution.
Documentation: You can’t fix, update or modify what you can’t see. Where’s Waldo is not an affordable way to maintain and continually improve claims, underwriting or policy applications. Auto-documentation is the key to continually maintaining your application with the least effort.
Ecosystem: You shouldn’t have to re-invent the wheel. Mitigating risk, modeling or evaluating claims are examples of how you may need to use other applications and data. These should be simple to incorporate, no matter where they are. Dragging these “connectors” in place is what better platforms call Web Services, SOAP, REST or the trending gRPC. Without one-click integration, keep looking. Insurance applications become composable, extensible platforms which produce growing returns when you can easily connect to an ecosystem. Simplifying connections means anyone can drag and drop integrations.
Reuse: A beautifully built look and feel, while meeting corporate standards, best satisfies your user or customer experience (CX). A composable platform should be configurable for consistent reuse. Element packs, as they’re called, inherently enforce your UI guidelines and principles to productively apply patterns, critical to intuitive usage across multiple insurance applications.
Security: BAM! Big topic. Platforms that don’t include multi-faceted, configurable security capabilities are a pass. Bad actors inject code into vulnerable applications that cause breaches. They attempt to interpret weaknesses when user interfaces are not encrypted. And setting rules for how different types of users authenticate, even recording information changes, makes for a highly compliant system.
And don’t forget that creating an application must be tested and deployed. Consider only complete Integrated Development Environments (IDE) that work with existing tools or reduce the time-consuming complexity of using multiple tools.
Guardrails like these and more are what separate the truly visual, Enterprise-class platforms from all others. When Insurers choose their low-code platforms, keeping the end in mind is the mindset for success. To learn more, sign up for this webinar.