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InsurTech impacts insurance service. The need for mobile, specialized services is the calling card of the best-of-breed approach for insurers. (Photo: Shutterstock)

Insurance technology can be a highly cyclical industry. We have seen centralized mainframes give way to distributed desktops, then back to centralized servers, and now back again to distributed endpoints with the adoption of cloud-based hosting and SaaS delivery models. Full-suite solutions versus best-of-breed components is another cycle I’ve seen from both sides.

A few years ago, the pendulum swung toward full suites, but now we are seeing the advent of something that wasn’t even on P&C insurers’ radars just a few years ago: Microservices — isolated, single-function services that integrate with carriers’ core systems as part of a broader vendor ecosystem.

Related:  Implementing successful technology projects: A short history of agile development

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