The global insurance value chain is facing unprecedented disruption. New risks and threats, innovative technology, legacy technology, new distribution models, increasing regulation, emerging market entrants, and changing customer expectations are just some of the drivers shaping today’s market.
As the value chain is disrupted and redefined, the systems underpinning today’s insurance infrastructure need to be disrupted for insurers to remain relevant and competitive.
A decentralized architecture enables insurers to decompose complex software applications into smaller services that can be evolved and updated independently.
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