With this project, LTIMindtree aims to “help insurers gain competitive advantage by providing superior customer experience, innovation, cost efficiency and revenue growth.”
Microsoft and Duck Creek are lending their platforms to the project
According to LTIMindtree, this migration solution will leverage their migration tools, Microsoft’s Azure cloud platform and Duck Creek’s software-as-a-service (SaaS) platform ‘Duck Creek OnDemand’.
According to the company, the end-to-end cloud migration framework and recovery bots will enable insurers to “fully leverage the flexibility and power of Duck Creek OnDemand to achieve predictable outcomes and transform their business.”
LTIMindtree Wants To Help Insurers ‘Thrive’ In The ‘Marketplace Of The Future’
Speaking of this announcement, Mukund Rao, LTIMindtree’s Chief Business Officer for banking, financial services and insurance, said: “Insurers of all sizes are increasingly looking to SaaS-based core systems to enhance their ability to launch new products, reach and grow new customers. provide differentiated experiences… Our solution will help them take a holistic approach to core-to-experience transformation to thrive in the marketplace of the future.”
Rohit Bedi, Chief Revenue Officer of Duck Creek, also agreed. He said, “As customer demands and digital technologies evolve, insurers must drive continuous product innovation, accelerated time-to-market, increased responsiveness and personalized omnichannel experiences to remain relevant and resilient.” Highlighting the project’s potential, he said, “This solution will make it faster and easier for insurers to achieve their strategic goals by realizing future-proof, cloud-based core systems.”
Underlining the importance of the three firms merging, Kim Vogel, Microsoft’s GM insurance sales executive, said, “By combining the capabilities of Microsoft, Duck Creek and LTIMindtree, this solution will enable new ways for insurers to increase agility, satisfying customers, new business models, improve collaboration between partners and drive better business results, it will help insurers overcome operational challenges and complexities to provide higher availability, scalability, security and resiliency of their core systems.”