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  5. The New Architecture for Core Systems: What It Is and How Quickly Vendors Are Adopting It

The New Architecture for Core Systems: What It Is and How Quickly Vendors Are Adopting It

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22 March 2018
Donald Light and Craig Beattie

Things are changing. Best practices today for developing and maintaining applications and services are different.

Key research questions

  • What are the three basic elements of the new architecture?
  • What are the value propositions of the new architecture elements?
  • How quickly are core system vendors building with the new architecture?

Abstract

Celent asks vendors, "What is Cloud Ready and Cloud Native?" and "What are you?"

Microservices, APIs, and the cloud are profoundly altering the architecture of insurers' core systems. How do these elements work together to deliver more value to insurers and technology firms?

The tools, methods, and environments available to insurers and technology firms enable agility, efficiency, analytic power, and security which are superior to those in common use just a few years ago.

This report focuses on three elements which together constitute a new architecture: microservices, APIs, and the cloud.

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Insight details

Industry
Life & Health Insurance, Property & Casualty Insurance
Insight Format
Reports
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America