Low-code in insurance is an approach taken by a software provider or IT company so that insurance software only needs a small or ‘low’ amount of code to work. It’s beneficial because it minimises the time it takes for developers to make a change, and it’s also quicker for MGAs and insurers who can make changes to their insurance software without a delay.
Using low code allows for greater efficiency and speed in launching products to market. Making changes to a product can be made without developers.
Low-code should be used when a product is being implemented and configured.
The difference between low-code and no code is in the name, a low-code platform is leveraged by IT companies or professionals. This is so that they can minimise the number of technical changes they need to make for a type of software to work.
A no-code insurance platform eliminates the need to have any code to set up and create a product such as a website, an insurance product, etc. This means that a non-technical person can create a technical solution. In the past year (2022), we’ve seen a huge rise in no-code platforms across multiple industries and this is a trend we anticipate to grow in the coming years.
As the insurance market is experiencing the digital revolution and customers are more and more demanding online,…
Insurance Software Providers Deliver Different Functionalities As we have previously written, no-code and low-code solutions are making their way…
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