Paul Stanley tells Insurance Times why no code technology is going to be the ’next big thing’ in insurance and reveals how the technology’s flexibility allowed 360Globalnet to build its own Track and Trace System.
2020 has shown us how quickly things can change and the need for flexibility is now a requirement. Software is inherently expensive to develop but the emergence of no-code platforms is quickly exposing the inflexibility of legacy estates.
After the recent FCA ruling on dual pricing, cost optimisation is a key focus for insurers. With 360Globalnet, insurers now have the digital capability to wrap no-code digital technology around their legacy systems to provide a slick “end to end” digital experience from notification to settlement, which reduces operational cost and indemnity spend whilst simultaneously improving the satisfaction of customers.
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