Digital transformation of a Swiss direct insurance company
By implementing an innovative and flexible “Software as a Service” (SaaS) business technology platform, valantic streamlined and made the processes of a Swiss direct insurance company more transparent.
Challenge
Digital natives expect simple policies, transparent processes, and innovative products. Our client, a Swiss direct insurance company, needed a flexible business model to meet these high expectations.
Consulting approach
valantic utilized market analyses, process optimization, and agile management principles to establish flexible IT structures and streamline product development processes.
Client benefits and solution
These measures significantly increased efficiency, reducing the time-to-market from six months to just one month.
The Challenge in Detail:
The generation of digital natives expects simple policies and transparent processes in the insurance industry, along with innovative products delivered through shorter development cycles. To meet these expectations, a high degree of automation and flexible IT structures are essential for quick and cost-effective action. At valantic, we’ve established the foundations necessary to keep pace with the rapidly evolving market dynamics.
Solution & Results in Detail:
To equip our client for the rapidly evolving industry, valantic focused on the following key steps:
Solution and Client Benefits:
The success of the project was primarily driven by the development of innovative, simple, and transparent products that provide end customers with full flexibility. By implementing lean and automated processes in key areas such as underwriting, claims, and payment, efficiency was significantly enhanced. This optimization resulted in a substantial reduction in the time-to-market, cutting it down from six months to just one month.
Johannes Eckart
Managing Director