With a preference for service-oriented architectures (SOA), the U.S. market is the furthest ahead in deployments of SOA-based policy administration systems, but companies in other parts of the world are starting to catch up – and even leapfrog over traditional approaches.
Defined by its open communication standards, SOA promises to dramatically reduce integration and development costs in the long term, though there may be a short-term cost associated with the initial conversion.
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Read full article at Information Management. Article also appeared in Digital Insurance. Article originally appeared in Insurance Networking News, which has since closed down.
