tech11 Blog

Conventional on-site software solutions present a wide range of challenges for insurers: From high initial investments and limited scalability to increasing complexity and effort in maintaining, deploying and orchestrating applications. Insurers still relying on rigid legacy systems are limited by these issues and often struggle to digitize their business processes. The solution for the top insurers of tomorrow: Software as a Service (SaaS) models.

Software as a Service (SaaS) is a cloud-based software delivery model in which applications are hosted by a provider, integrated into existing systems as required and accessed by users via the internet. Instead of installing and maintaining the software on individual devices, users can log in and access the software from anywhere. In addition, cloud services such as SaaS usually offer a high degree of vertical scalability, which allows SaaS users to adjust the computing power or storage space to their current needs. In this way, SaaS products can significantly reduce operating costs while maximizing scalability and flexibility.

The tech11 Insurance Platform (TIP) as a SaaS model

Our cloud-native insurance platform, the tech11 Insurance Platform (TIP), is available as SaaS. It solves the challenges mentioned above and enables insurers to operate at the highest level. Seamlessly integrated via an API, our platform enables efficient, automated processing of end-to-end insurance transactions without the limitations of on-premises software.

This means we take responsibility for the operation and maintenance of the application, ensuring your business runs smoothly and to the highest technical standards. With your help, we continuously improve TIP and adapt it to your needs. All this while you benefit from the advantages of our platform in our Software-as-a-Service model.

Reduction of costs

Opting for SaaS insurance software offers significant cost benefits by eliminating the need for large upfront investments in hardware and software licenses, as well as the ongoing costs of IT system maintenance.

Flexibility & scalability

Thanks to its modular structure based on a container-based microservice architecture, our tech11 insurance platform is flexible and can be tailored to specific customer requirements. By offering different languages, currencies and tax systems, the TIP enables insurers to scale and internationalize their business as needed. The SaaS model allows us to take full advantage of this flexibility and offer customers a highly customizable platform.

Security and compliance

We ensure the security of your operations by performing backups, adhering to industry standards (e.g. ISO-27001) and working in line with industry regulations (e.g. DORA).

Automation of updates

Another big advantage of SaaS insurance solutions over on-premises systems is the automation of updates. As a provider, we ensure that our customers always work with the latest version and have access to the latest functions.

Fast and seamless integration

Our platform can be seamlessly integrated into existing systems via API. This enables an efficient data flow, increases productivity and minimizes interruptions.

Accessibility

The flexibility of SaaS allows insurance employees to access the system remotely from any device with an internet connection, supporting a dynamic working environment and ensuring seamless business continuity.

Discover the full potential of the tech11 insurance platform today!

Contact our sales team directly for a personalized presentation and demo!

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