We are entering an era of necessary insurance cost optimisation. As price optimisation and other profit drivers fall under regulatory pressure, competitiveness now relies on maintaining superb services while reducing costs.
At 360Globalnet, we have global experience implementing and integrating no-code systems with leading insurers. No-code removes 95% of the development cost and lag in typical Claims IT implementations. All complexity and code remains hidden under-the-hood allowing business practitioners – not coders or developers – to create and deploy the systems they need to better serve customers.
The no-code market grew out of rapid application development (RAD) tools designed to deliver faster time to market.
Central IT is burdened more and more by the incessant project requests from all over the business for innovation and constant improvement. Have you heard of the 'pit of despair'?
As one CEO explain it he looks at a long list of such projects- typically over a hundred and guess what! Anything over #20 has a cat's hope in hell chance of breaking trough and gets tipped into the pit of despair never to escape.
No-Code is the key to enabling both IT and LOB to collaborate with visibility and oversight so that cost optimisation and other innovation projects can be configured in plain English, Spanish, French- you name it by two key personas in the no-code/low-code world.
- Technical Citizen Developer (TCD)
- Business Citizen Developer (BCD)
- Combinations of both
The TCD is typically an IT aware business analyst whilst the BCD is a business aware analyst and combinations of these can anticipate and respond to rapidly changing customer behaviour and demands. The demands putting strains on work-from-home and office hybrid models. The demand for Amazonesque transparency and speed without burdening insurers and brokers with extra cost
It means less projects need coders and developers so you are less likely to be binned in the pit of despair.
It is lucky that no-code has not only matured as it is forecast to explode in the next five years, similar to the adoption seen with likes of Squarespace or Wix creating sophisticated and beautiful-looking sites at a fraction of the cost of web developers.
360Globalnet makes no-code benefits accessible, cost-effective and pragmatic for your business.
Whether it is taking eFNOL to new levels of retail automation and slickness. Whether it is orchestration of supply chain and automation of tasks using rulesets. Whether it is understanding your risk and fraud exposure by converting your unstructured and semi-structured data into true business analysis… we can help.
We’ve done it for others and every time, the results speak for themselves. Take the next steps and at least find out what the fuss is all about…
We are entering an era of necessary insurance cost optimisation. As price optimisation and other profit drivers fall under regulatory pressue, competitiveness now relies on maintaining superb services while reducing costs.