The insurance sector is at a pivotal moment. As regulatory demands intensify, actuarial models grow in complexity, and customer expectations shift, insurers are seeking new ways to modernize their core operations. Automated, cloud-native financial modelling platforms—already proven in banking—offer a compelling path forward. By drawing on lessons from banking’s digital transformation, insurance companies can unlock new levels of agility, compliance, and operational efficiency.
Insurance companies, much like their banking counterparts, are grappling with legacy systems that are fragmented, manual, and increasingly difficult to maintain. These systems often struggle to keep pace with evolving regulatory requirements, risk management needs, and the sheer volume of data generated by modern insurance products. Manual processes not only slow down actuarial calculations and claims risk assessments but also introduce compliance risks and operational inefficiencies.
The move to cloud-native, automated platforms is no longer just an IT upgrade—it’s a strategic necessity. Insurers must be able to rapidly adapt to regulatory changes, scale their modelling capabilities, and ensure robust disaster recovery and security. The experience of leading banks in transforming their financial modelling and risk management systems provides a valuable blueprint for insurers ready to embark on this journey.
Banks that have successfully modernized their financial modelling platforms have done so by embracing automation, modularity, and cloud-native architectures. For example, a major UK bank partnered with Publicis Sapient to overhaul its Enterprise Risk Management (ERM) system, moving from a fragmented, manual environment to a fully automated, secure, and scalable platform on AWS. This transformation was achieved through:
The impact was profound: time-to-deploy was reduced from weeks to hours, operational resilience increased, and teams were freed from repetitive maintenance to focus on innovation.
While the regulatory and risk landscape in insurance shares similarities with banking, insurers face distinct challenges:
Despite these differences, the core principles of automation, modularity, and cloud-native design remain universally applicable. By adopting these approaches, insurers can achieve:
Publicis Sapient brings deep expertise in engineering, cloud transformation, and regulatory compliance to the insurance sector. Our approach is grounded in:
The transformation seen in banking is replicable in insurance. By automating infrastructure and modelling workflows, insurers can:
This shift empowers actuarial, risk, and IT teams to focus on value-added activities—such as developing new products, refining risk models, and responding swiftly to regulatory changes—rather than being bogged down by manual maintenance.
As insurance companies look to the future, the adoption of automated, cloud-native financial modelling platforms is set to become a defining competitive advantage. The lessons from banking are clear: with the right strategy, technology, and partner, insurers can transform their modelling capabilities, enhance compliance, and drive innovation at scale.
Publicis Sapient stands ready to help insurers navigate this transformation—combining industry expertise, engineering excellence, and a proven track record in financial services to deliver platforms that are secure, scalable, and future-proof. The time to act is now: by embracing automation and cloud-native design, insurers can unlock new possibilities and lead the way in a rapidly evolving industry.