Application Modernization Framework(AMF)

Due to increased cost pressures, limited growth and diminishing risk tolerance, large insurers in the developed economies are confronting serious competitive challenges owing to their legacy systems-driven business processes. A few of these challenges are listed below:

  • Operational and maintenance costs
  • Limited scalability and reliability
  • Diminishing and expensive expertise
  • Limited integration with new services and applications
  • High turn around time for adapting to market changes

Understanding the extent of the problem, Zensar has developed an Application Modernization Framework (AMF) that effectively transforms legacy systems without affecting business-as-usual (BAU) operations. This framework makes use of customer-centric Business Process Management for improved process efficiency, N-Tier Architecture for enhanced flexibility and Service-Oriented Architecture (SOA) Components for increased modularity coupled with best practices for better IT governance.

Methodology

Diagram: Life Insurance MethodologyDiagram: Life Insurance Methodology

Value Proposition

  • Increased responsiveness
  • BEffective decision support system
  • Reduction in time-to-market
  • Quick response in complying with regulatory norms
The IT benefits to customers are:
  • IT alignment with business strategy
  • Reduction in Total Cost of Ownership (TCO)
  • Lower operations and maintenance costs
  • Enhanced architectural flexibility lowering integration costs
 

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