Adoption of Cloud in the Insurance Industry has been witnessing significant growth in the last few years. Migrating the complete enterprise to the Cloud is gaining more takers. In the last decade, Insurers have focused on business transformation using commercial off-the-shelf products like Guidewire InsuranceSuiteTM. We believe that for the next few years Insurers will focus on improving business agility through a complete IT transformation and application rationalization using cloud native technologies and infrastructure.
In this journey of cloud adoption, Business and IT team will need to define a strategy to re-architect or re-platform each application using cloud capabilities. Many of these applications may also need re-factoring to be cloud ready. Insurers will need to consider multiple aspects like the choice of cloud platform, cloud native technologies to be adopted and considerations for availability, scalability, load balancing, security, performance, compliance, etc. for employees, customers and agents. Some of the other important aspects like user location, user role and hence functionality being accessed, etc. need to be considered while finalizing the cloud deployment architecture in migrating Insurance application and Guidewire InsuranceSuiteTM to a self-managed cloud platform.
Hexaware has developed an automation-led approach and solutions to enable Insurers migrate Guidewire suite of products and other core Insurance applications to a self-managed cloud platform. This is a phased approach to ultimately transition from self-managed cloud to Guidewire cloud. Our recommended deployment architecture and tools align to Guidewire Cloud standards which makes the future transition to Guidewire Cloud easier. ‘Cloud Saber’ is our cloud migration tool that helps deliver automation in every step of the migration process as detailed below:
This is delivered by our code compare and upgrade automation tool with 15-20% productivity improvement.
Reduce the transition risk and effort by 20-30% through our cloud readiness assessment platform, optimization for Guidewire cloud standards, reference deployment architecture on self-managed cloud platform, scripts to set up virtual machines, landing zone, migrate and validate. Perform functional testing using model-based and behavior-driven testing approach.
Achieve 40% saving in license cost and 30% faster migration using our database re-platforming tool.
Tool-led optimization through application re-factoring, re-architecting, containerization for non-Guidewire applications for optimal results. Re-design existing interfaces and develop new interfaces and functionalities using Guidewire Surepath guidelines and standards, set up DevOps pipeline with integrated test automation.
AI/ML-led Core Ops, Sec Ops and Life Cycle Ops to prevent incidents, enable self-healing and deliver self-service. Deliver automation in back-up and DR, application and infrastructure monitoring, security, cost optimization, etc. Transform ITSM process through a pre-built service catalog available on ServiceNow. All delivered in a managed services model with skin in the game to improve Business and IT KPIs.
Support along with Guidewire Cloud team for configuration upgrade, database upgrade and migration, optimization for Guidewire Cloud platform. Leverage Guidewire accelerators and tools to migrate to Guidewire Cloud with minimum interruption.
Download this flyer to gain more insights on Hexaware’s cloud migration capabilities. Our domain expertise can enable insurers to tap into the right solutions for making the cloud journey seamless.
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