Taking into account the SaaS-oriented nature of the systems to support Insurance front end processes, several execution models have emerged. These models can be termed as Hybrid Cloud implementations since not all of the functions have truly moved to the Cloud.
Some of the existing models include:
* SaaS in a Virtual Private Cloud
Here both the software and hardware are provisioned by the SaaS vendor in either a virtualized of non-virtualized environment.
* SaaS in a Hosted Environment
Here the SaaS infrastructure in terms of application development and deployment is still private and under the ownership of that particular SaaS vendor but is hosted in either a Virtualized or non-Virtualized Hardware environment (Servers and Storage).
These models are already prevalent with many Insurers outsourcing this function to SaaS vendors. This is increasingly being availed of by Insurance wholesalers in a B2B fashion rather than a B2C mode. Individual customers still go to the respective Insurance company’s website to obtain quotes.Read More..