According to Forrester, companies are now under pressure to produce significant new products and services quickly but at a lower cost. They often rely on new and innovative software to get them there. Low code platforms are a popular option for insurers to deploy underwriting solutions, claims applications, and broker portals. However; choosing a low code platform that meets the long-term needs of insurers can be challenging.
Low Code Platforms offers enterprises the opportunity to bring new products and solutions to the marketplace faster and at a lower cost. Low code platform provides a foundation or scaffolding to create a complete software application through the use of configuration and drag and drop interfaces rather than traditional software programming. Since the infrastructure and building blocks are already pre-built, it tremendously speeds the application development process.
But traditionally low code platforms always have over-promised and under-delivered. Low-code platforms have aimed for the moon but have not been able to be used to build anything but simple applications.
Enterprise applications, on the other hand, require:
A low-code platform should enable developers to create more with less and manage the build-test-deploy-manage life cycle with minimal effort.
When choosing a low code platform, below are 10 questions that you should ask:
When choosing a low code platform, your focus should go beyond the ability to build applications quickly, but also provide the necessary infrastructure to host it, scale it, and manage it securely.
Insurance companies have numerous regulatory and compliance requirements. To engage an external vendor would mean dealing with the security teams of these companies. They have 100’s of questions on security policy, information architecture, guidelines, and more that need to be satisfied before bringing on a new software vendor.
Imagine having a secure platform that already addresses these 10 questions, is SSAE18 audited, does periodic vulnerability assessments, penetration tests, etc. You can then respond to your company’s security teams with full confidence and get through to building applications rapidly.
Let us divide the enterprise IT development requirements into 3 broad categories: Infrastructure, Build, and Deploy, and see how a world-class low-code platform can help you build applications quickly.
Essential features to Deploy an Application
When Microsoft was building Windows NT in the early 90’s, internally, the entire team was forced to use the early versions of Windows NT, popularizing the term “Eat your own dog food.”
At mondCloud, we decided to put our own Low-code platform to the test, by internally building a complex real-world Insurance product using our platform. The platform build team and the team building Insurance product worked closely together and a word class Insurance product “Tarmika” was launched in less than 6 months using the mondCloud low-code platform. Tarmika uses all modules of mondCloud: Integration, Complex Responsive User Interface, Workflow, Robotics Process Automation, consuming API’s, creating API’s, reports, etc.
mondCloud has successfully delivered beautiful world-class secure and scalable applications on the cloud that digital power transformation for leading enterprises. Complex applications have been developed on the platform including www.tarmika.com.
QUESTIONS TO ASK THE VENDOR AND YOUR SOLUTION WITH MOND LOW CODE PLATFORM
Q1: Will it be the URL of the Vendor or will it be my company URL?
A: Your end users will use your company URL, followed by a custom application name.
Q2: How do I manage different versions of my code?
A: You can maintain as many versions as required for any service built you. Our breakthrough technology ensures your services run unchanged over the course of platform upgrades.
Q3: Do I get multiple environments? If yes, how do I deploy from one to another?
A: Yes, we offer multiple environments and single click deployments.
Q4: Will there be to single-sign-on mechanisms?
A: We offer single-sign-on, LDAP, Active Directory, etc.
Q5: How do I integrate with applications that do not provide API’s?
A: We offer state-of-the-art integration capabilities along with Robotic Process Automation.
Q6: How do I scale my application?
A: Our is a cloud-native scalable platform.
Q7: What if there is some missing feature? How do I extend it?
A: You can add custom code to any service and implement any feature that is not provided by the platform.
Q8: Does the low code platform have all the microservices required to build applications?
A: We offer all the modules you need to build a complete solution and they are offered as microservices.
Q9: Does the Vendor have expertise in bringing the solution to the market?
A: We have expertise in building large scale enterprise applications.
Q10: What is the most complex application built on this platform?