APIs

Core system vendors like Guidewire, and Majesco have announced new digital capabilities that could significantly change how insurance technology firms compete.

Rather than facing a simpler tech environment where the investment choices are obvious, it appears the insurance industry is at a point of inflection where the old established world may have to give way to the new.

Some firms are investing in technology to help insurance clients shift to paperless payment processing.

The tech giant said it is enabling third parties to create financial services apps in the cloud.