Tag: Symfa

Health insurance plays a critical role in safeguarding individuals and families from the financial burdens of medical expenses, offering essential coverage and peace of mind during times of illness or injury. Traditionally, the industry relied on complex and rigid models, often burdened by lengthy paperwork, slow claims processing, and fragmented communication. However, the health insurance market is projected to reach a remarkable $2.38tn in gross written premiums by 2024, according to Statista. This comes amidst a significant shift towards digital platforms and telemedicine services.

Discover how Symfa is revolutionising CPP modernisation for an insurance giant by leveraging API-led connectivity and OutSystems. Tatiana Smolenchuk, Software Developer at the firm delves into the innovative strategies and insights from this ambitious digital transformation project, showcasing the power of modern technology in reshaping the insurance landscape.

Three years ago, a US insurance giant struggled to develop a Rules engine for their multiple user-facing applications. The project initially failed, leading them to enlist Symfa's expertise. Dmitry Denisko, senior software engineer at Symfa, delved into how the company reinvented the world of insurance business logic.

Generative AI, or GenAI, has rapidly shifted from a mere discussion point to a pivotal tool in business innovation, offering unprecedented efficiency and smart solutions. Ilya Mokin, head of R&D at Symfa, shares insights into integrating a ChatGPT bot within their in-house ERP system, highlighting the potential and challenges of custom on-demand reports and analytics.

In today's rapidly evolving digital landscape, leveraging cutting-edge technologies like Generative AI (Gen AI) holds immense potential for businesses. However, ensuring success with Gen AI implementation within Enterprise Resource Planning (ERP) systems comes with its own set of challenges and considerations.

As AI continues its ascent as a transformative force in the business landscape, the InsurTech sector has found itself as the latest realm aiming to tap into its remarkable potential. FinTech Global recently spoke to a host of industry experts in a bid to unravel the profound impact AI is poised to have on the space. 

Symfa, a leading software development firm, has been listed among the top ten DevOps and cloud consulting firms in the USA. 

In the rapidly evolving landscape of InsurTech, the demand for streamlined data processing solutions is more critical than ever. As technology continues to reshape industries, a transcontinental insurance company was tasked with the challenge of handling vast amounts of data processed through Excel files. Recognising the need for a more sophisticated approach, the company turned to Symfa, a leading player in the FinTech space, to create a unified and automated ETL process.

In the realm of technological infrastructure, the decision between deploying on-premises servers or cloud services is pivotal. This choice is not just a technicality but a strategic move that shapes a company's operational efficiency and financial outlay.

In the rapidly evolving landscape of financial technology, the decision to deploy infrastructure either on-premises or in the cloud has become a critical choice for organisations. The preferences often vary based on factors such as operational needs, financial considerations, and overall business strategy. Software development company Symfa explores the reasons behind the growing trend of opting for on-premises data centres.