Insurance customers are demanding user-friendly products and easy online access to all insurance products. Meanwhile, the trillion-dollar insurance industry faces disruption from an onslaught of digitally-native brands offering innovative products and a streamlined customer experience. How can insurance companies that rely on data in mainframes and midrange systems transform their businesses fast enough to compete with these FinTech disruptors?
Composable insurance is the answer. Composable insurance is the ability to rapidly assemble new insurance products and customer experiences from cloud-native building blocks. OpenLegacy transforms the way insurance companies innovate by finally making composable insurance a reality.
OpenLegacy connects directly to core systems, automatically generates digital-ready code, and deploys as standard microservices or serverless functions. With OpenLegacy, insurance companies can finally achieve the speed and resilience of the composable enterprise — harnessing legacy assets for continuous innovation.
Rapidly launch new digital innovations by harnessing the power of your legacy systems, mainframes, databases, or applications.
No special skills needed. No changes to core systems required - dramatically cutting down dev & deployment effort.
Deploy legacy assets as microservice-based APIs or serverless functions for on-premises, on the cloud or both.
| Business Use Cases | Technical Benefits |
|---|---|
Customer ExperienceCreate a seamless customer experience from selecting policy options and price quotes to online purchase. |
SpeedAutomatically create insurance APIs from core (legacy) systems in minutes, and deploy projects in days or weeks. |
Claims ManagementAccelerate and reduce the cost of claim processing. |
CostAvoid costly and complex options, such as rip and replace, re-platform, re-hosting, SOA and ESB. |
New ProductsIntroduce new offerings and provide customized solutions by unifying the digital ecosystem with data from legacy systems. |
SecurityKeep connections secure by using HTTPS and TLS to access core systems. Your microservice-based APIs are secured with strong-type checking (JSON) and oAuth2 (web authentication). |
“With a foundation of DevOps methodology, OpenLegacy helped us step into the new digital age and deliver the access and speed we need to meet today’s needs and head into tomorrow.”
“OpenLegacy let us connect our iSeries applications to our insurance agent portal without changing our COBOL applications, which would have been a huge, expensive headache. We couldn’t believe OpenLegacy was able to conform to all of our security, performance, and design constraints - and do so within days.”
AIG delivers real-time quotes and reduces payment time from days to minutes
How to Quickly Deliver Digital Insurance Services From Monolithic Legacy Systems
Liberty Mutual leverages OpenLegacy to modernize claim management workflows
