Building the Digital Insurer

How Rapid Application Delivery Accelerates Time-to-Value

Facing the Digital Challenge

The digital age presents insurers with both threats and opportunities. Customers are less loyal, and competitors are entering the market with disruptive ideas. Innovative insurers seize the opportunity of a changing marketplace, using digital technologies to redefine their business models around the customer.

The challenge most companies face is that IT can't cope with the speed of change required by the business. Maintaining legacy consumes critical resources and a one-size-fits-all delivery approach hampers innovation.

Mendix helps insurers to pivot to customer centricity, innovate faster, lower costs and drive efficiency.

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Accelerate time-to-value

Leading insurers accelerate time-to-value of their digital initiatives with Mendix, the fastest and easiest platform to deliver web and mobile applications at scale.

Bring Business and IT together to rapidly develop applications that:

Increase premium volumes

Launch new products in under 6 weeks

Improve Customer & Broker Loyalty

Deliver new portals in less than 90 days

Drive Operational Efficiency

Cut policy renewal processing cost by 80%

Address Risk & Compliancy

Get your pricing engines out of shadow IT

Leverage New Technology

Innovate with analytics and IoT

Fast cycles, cloud deployment, and business-led development are the basis of successful strategy in financial services - and Mendix is helping us achieve the speed and agility that have become a business mandate in our industry.

Richard Warner
Chief Information Officer, LV=
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LV= Turns to Mendix
LV= Turns to Mendix's Application Platform to Put Innovation on the Fast Track
Case Study

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3 Priorities For Becoming a Digital Insurer
3 Priorities For Becoming a Digital Insurer
eBook

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5 Steps to Accelerate Insurance Product Innovation
5 Steps to Accelerate Insurance Product Innovation
eBook

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Insurers innovate faster with Mendix

Customer & Broker Portals

Deliver new portals in less than 90 days

Rapidly develop portals that drive customer engagement and digitize sales and service channels. Mendix helps you to deliver the right applications, no matter what insurance business you’re in:

Property & Casualty

  • Quote-to-buy self-service
  • Broker performance management
  • Customer management and upgrades

Life & Pensions

  • Guided selling, fact-finding and advisement tool management
  • Customer self-service for reporting life events

Re-Insurance

  • Submit new risks and calculate quotes
  • Manage automatic underwriting and provide a single bordereaux

Specialty Insurance

  • Broker self-service for calculating quotes and providing insight in a list of bindings
  • Change and manage policy details

Customer success

Mendix’s development capabilities enable us to build a user-friendly portal in a very short time frame, while having the flexibility to adapt it to our funds’ needs and changing business requirements.

Edward Heijkers
Director of Services, AZL

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To attract and retain both customers and brokers, you need to implement a host of new portals and you need to get started now.
5 Steps to Better Insurance Customer & Broker Engagement

eBook

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Product Innovation

Deliver new products in under 6 weeks

With Mendix, insurers can bring new propositions to market in a matter of weeks. Our “Insurance in a Box” concept supports a Test & Learn, Fail-Fast approach for rapid product innovation.

Fast-track innovation in parallel to your legacy modernization projects. Mendix enables the rapid delivery of self-contained insurance propositions that span the quote-to-buy and service processes including policy management, billing and other back-office functions. Upon market validation, you can easily connect the new product to your core back-end systems.

Customer success

An incredible approach to the problem of driving business capability or responding to business need which would have been impossible within traditional methods.

Rod Willmott
Rod Willmott
Fast Track Innovation Director, LV= Insurance

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Operational Efficiency

Drive operational efficiency

With Mendix, insurers can accelerate the path to increased operational efficiency by re-engineering existing core processes to deliver better outcomes across the entire customer journey. Our customers have delivered both new and improved processes in areas such as:

  • Claims processing, digitizing previously manual processes.
  • Broker workflow automation removing spreadsheet-based work tracking and adding management information and process metrics.
  • Pricing and Rating removing spreadsheets from the underwriting process to lower costs, reduce risk and ensure consistent pricing across the organization.
  • Renewals, digitizing manual activities reducing processing time by up to 75%.

The challenges of integration with legacy IT systems is often cited as a key factor towards the slow pace of change when it comes to re-engineering internal processes. The Mendix Platform comes with a powerful Connector Kit that makes it easy to integrate with your core systems. Mendix supports messaging services based on industry protocols such as Acord.

Customer success

This advanced platform includes all kinds of decision rules, statistics and decision trees, resulting in a much more efficient process and a better management of the cost of claims.

Jochem Davids
Jochem Davids
Director of Claims Solutions, CED

One platform that does it all

Mendix is the fastest and easiest platform to deliver rich, web and mobile applications at scale. Open and enterprise-class, the Mendix Rapid Application Development platform supports the full application lifecycle with collaboration, speed and control. As a result, cross-functional teams are able to execute digital initiatives with unprecedented time-to-market, delivering business value from day one.

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Learn how to make digital innovation a reality

The Future of Insurance: Product Innovation Opportunities Right Under Carriers' Noses
Blog
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Mendix World 2016 Keynote: Geoffrey Moore
Video
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3 Things to Leverage for Insurance Product Innovation
Blog
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Reinsurance Company Relies on Mendix's Platform to Launch New Business Initiative
Case Study
Read the Case Study

Gartner 2016 Magic Quadrant for Enterprise aPaaS
Gartner 2016 Magic Quadrant for Enterprise aPaaS
Analyst Report

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The Forrester Wave: Low-Code Development Platforms, Q2 2016
The Forrester Wave: Low-Code Development Platforms, Q2 2016
Analyst Report

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Smart Apps Guide: What Every IT Leader Needs to Know
eBook

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