LTIMindtree, Microsoft, and Duck Creek to develop a cloud migration solution for insurers – Times of India

Digital solutions firm LTIMindtree has announced a partnership with tech giant Microsoft and intelligent solutions provider Duck Creek, as part of which it will deliver an integral product for insurers. Their project involves building a solution to help insurers with the cloud migration of their on-premises core systems.
With this project, LTIMindtree plans to “help insurers gain competitive advantage by delivering superior customer experience, innovation, cost-efficiency, and revenue growth.”

Microsoft and Duck Creek lend their platforms for the project
As per LTIMindtree, this migration solution will make use of their migration tools, Microsoft’s Azure cloud platform, and Duck Creek’s software-as-a-service (SaaS) platform ‘Duck Creek OnDemand.’
According to the firm, the end-to-end cloud migration framework and remediation bots will enable insurers to “fully harness the agility and power of Duck Creek OnDemand to achieve predictable outcomes and transform their businesses.”

LTIMindtree aims to help insurers ‘thrive’ in the ‘marketplace of the future’
Regarding this announcement LTIMindtree’s chief business officer for banking, financial services, and insurance Mukund Rao said, “Insurers of all sizes are increasingly looking to tap into SaaS-based core systems to boost their ability to launch new products, reach new customers, and provide differentiated experiences … Our solution will help them take a holistic approach to ‘core-to-experience’ transformation for thriving in the marketplace of the future.”
Duck Creek’s chief revenue officer Rohit Bedi also opined on the same. He said, “As customer demands and digital technologies evolve, insurers must drive continuous product innovation, accelerated speed-to-market, higher responsiveness, and personalized omnichannel experiences to stay relevant and resilient.” He emphasized the potential of the project saying, “This solution will make it faster and easier for insurers to achieve their strategic goals by realizing future-ready, cloud-based core systems.”
Highlighting the importance of the coming together of the three firms, Microsoft’s GM insurance sales Kim Vogel said, “By combining capabilities of Microsoft, Duck Creek, and LTIMindtree, this solution will enable new ways for insurers to boost agility, delight customers, drive new business models, enhance partner collaboration, and achieve better business outcomes. It will help insurers leapfrog operational challenges and complexities to deliver higher availability, scalability, security, and resiliency of their core systems.”