June 2020 – Enterprise architecture leads the way in some of the most far-reaching technology changes seen since the advent of the internet as insurers shift to cloud-native technology and blur organizational boundaries with expanded use of APIs. This report explains the changing role of enterprise architecture (EA) and how the practice delivers value to insurance carriers. EA is an area of growing investment across all insurance segments.
Revenue-generating initiatives remain the top priority for architecture teams, followed by cloud-native migration, data and digital transformations, and an expanded use of APIs across the enterprise.
Improved collaboration with Agile development organizations is a top challenge, with EA groups redefining the role they play to support insurers’ business strategies and their Agile delivery teams.
About the Author
Mitch Wein
Mitch Wein is an Executive Principal in the Insurance Practice at Datos Insights. He has expertise in international IT leadership and transformation as well as technology strategy for banking, insurance (life, annuities, personal, commercial, specialty), and wealth management. Prior to joining Datos Insights, Mitch served in senior technology management positions at numerous financial institutions. At Bankers Trust (now Deutsche Bank), he automated...
Other Authors
Martin Higgins
Martin Higgins is a Senior Principal at Datos Insights. He has over two decades of experience working in insurance technology, having served as Practice Director for Edgewater Consulting, where he was responsible for the company’s property and casualty business nationwide. He has expertise in technology strategy, core system selection and implementation, Agile transformation and DevOps, business intelligence, systems integration, legacy...