FROM SYMETRA…
Symetra is the recipient of a 2022 Celent Model Insurer Award, winning in the Innovation Execution category for its Symetra SwiftTerm® digital term life insurance platform. Celent, a global research and advisory firm for the financial services industry, announced the awards at their annual Innovation & Insight Week.
Celent Model Insurer Award nominations undergo a rigorous evaluation process by Celent analysts, who assess insurer submissions on three core criteria: demonstrable business benefits of live initiatives; the degree of innovation relative to the industry; and the technology or implementation excellence.
“The Celent Model Insurer Awards recognize how insurers are using technology to change the face of insurance. Achieving operational excellence requires transforming processes and systems into competitive advantages by making them leaner, faster, more flexible and of higher quality,” said Andrew Schwartz, analyst at Celent. “Our 2022 Model Insurer Award honorees should serve as an inspiration to others looking for strong examples of best practice implementation that will have a truly meaningful impact on business results and the industry overall.”
The SwiftTerm platform is modeled as a microservices-based event-driven architecture. It includes more than 80 auto-scaling RESTful API’s, a centralized API plane for all transactions. The platform can ingest and publish millions of events and is built using a fully automated CI/CD platform that includes DNS, domains, and certificates. The real-time distributed system is powered by 16+ SaaS providers, utilizing best-in-breed technology from some of the top vendors in the market today.
Please see the full press release from Symetra for more and give the SwiftTerm platform part of your agency’s 2022 strategy.