Industry | Insurance & Pension
Insurance & pension companies need more technical resources to fulfill regulative requirements and increase digitalization of the business. Attracting and retaining the required skill can be difficult.
Experience and Knowledge
Insurance and pension companies often have mature systems that have been built over a long period time embedding country specific legislation deeply into the systems. The systems are often built using mainframe technologies that are integrated with decentralized technologies. This environment makes it difficult to increase the development organization to meet the growing demands. From the authorities comes a steady stream of legislative requirements to ensure personal data protection and financial integrity.
From the customers comes a growing demand for digitalization and web and mobile based self-service solutions. This leads to increasing demand for mainframe development resources. At the same time there is shrinking supply of mainframe developers in Western Europe, as mainframe developers retire and no new mainframe developers graduate.
Denmark’s second largest insurance company took a strategic decision to scale their development team.
HOW WE WORK
To maintain the skills required to support mainframe systems, as well as solutions around customer facing digitalisation, it’s an advantage to integrate the offshore team with both your business and IT organisation. At INSCALE we can help you do just that.
Your offshore team must be deeply integrated in both your business and IT organization. The team members will act as your employees. We hire the team specifically for you with the skills and experience that you require. It is important to build a strong corporate culture in the team which will result in low turnover that mitigates the time required to obtain domain knowledge of the systems.
FINDING THE RIGHT SKILLS
A setup that meets these challenges includes IT resources with good business understanding, high technical competence, and strong English skills. We would build the development center in either Portugal or Malaysia. These locations offer high levels of competence and availability in Mainframe resources as well as other development platforms such as: Java, .NET, mobile, frontend, etc.