Software as a Service
The choice between a SaaS solution and the traditional model of licensing, with software being hosted internally, often comes up. What are the considerations in this matter? How does a SaaS solution solve issues with legacy software? Not all insurance SaaS software is the same. For long-term success, insurers need a business-first, end-to-end cloud-based platform.
Flexibility and scalability are important goals, as are being able to sufficiently adapt to changing market conditions, follow technological innovations, and respond to new market entrants or new legislation and regulations. However, you don’t want to lose sight of your customers who need their online services to work quickly, easily, and transparently, while being accessible 24/7. You are faced with the challenge of meeting the increasing demand for online services while also pursuing your targets.
The answer is SaaS
A secure cloud platform that can be seamlessly integrated into your own range of applications. This cloud platform is ISO 27001 and ISAE3402 certified as well as multi-faceted, scalable, and secure. That means that worrying about installation, configuration, performance, upgrades, maintenance, or emergency recovery is a thing of the past. While you focus on your clients, Keylane will monitor the entirety of your critical organisational processes.
When choosing a SaaS solution, the licensing costs are not paid up-front. They are spread over time and are largely based on actual usage (the number of policies). Additionally, it is not necessary to invest in a new hardware infrastructure (platform and database) in order to manage the policy administration. The SaaS model means that technical and maintenance costs can be reduced substantially. It also means that insurers always meet the highest safety requirements and comply with current legislation.
Specialised SaaS host
“Keylane is the most experienced SaaS provider of life insurance policy administration systems in Europe.”
– Magic Quadrant for Life Insurance Policy Administration Systems, 2017
The power of SaaS
The choice between a SaaS solution and the traditional model of licensing, with software being hosted internally, often comes up. What are the considerations in this matter? How does a SaaS solution solve issues with legacy software?