Monolithic platforms and services are simply a part of the fabric of the insurance world. They are established, understood, and trusted. Moving away from the monolith is a scary proposition, but moving to a microservice architecture is necessary when contemplating the creation of new digital products. When it comes to implementing microservices for your insurance company, there are several considerations and best practices that should be predefined before you begin the process. In this blog, we’ll explore these considerations based on what we’ve learned when working with some of the biggest insurance companies around the world.
Establish a digital enablement group and get stakeholder support at the executive level.
In order for you to transition from a monolithic and stovepiped environment, you must have support from the leaders in your organization who can help champion the migration to microservices. Without this support, it’s easy for teams to go back to their silo and not fully benefit from a true microservice architecture. Save yourself the time by getting leadership on board.
Avoid thinking about the tech first. Think about your domain.
Microservices offer a great deal of IT benefits; however, to get the most value from this structure, consider your domain. How your business functions should help drive the way that you organize so that the technology works seamlessly on the backend, creating a functional digital product that customers rave about.
Put on your strategic, enterprise architecture thinking cap.
Oftentimes, multilayered companies with many departments and teams can be a barrier to creating a successful microservice environment. We see this especially with insurance companies that, rightfully so, have departments that are focused solely on their specific needs. The companies that are successful use best practice #1 (leadership buy in and support) to bring everyone together so that the digital products they create are meaningful for their customers. This is the time to look at your enterprise and consider how best to align people, processes, and tools to drive the digital experience of your customers. Enterprise changes are always a challenge, and so change management is critical to ensuring that your migration goes smoothly. Do not overlook this step.
At the end of the day, great microservices allow you to create great products. And while microservices aren’t a panacea for everything, they are a means to an end for creating amazing experiences for your digital products.
Interested in learning more about how Mobiquity can help you migrate from a monolithic environment? Let’s talk.
Dominick T. Profico is the Executive Vice President and Global Chief Technology Officer at Mobiquity, responsible for all engineering and technology in the US and offshore developer centers. Together with his team, Dom helps Mobiquity clients solve tough technical problems with the cloud at the center of every engagement. Spending 15 years at Lockheed Martin in various roles, Dom’s background includes working on large scale government integration programs, and research and development dealing with multiple technical and domain areas, such as Geospatial-Intelligence, Counter Drone Technology, Information Distribution to and from the Tactical Edge, Live Video Transmission, Mobile Technology Deployments to the Front Line, and more. All of these experiences have led Dom to appreciate the extraordinary power of diverse teams as well as the impressive value of individual creativity to work through hard problems and bring real-world solutions to market. Dom strongly believes that the industry is at a crossroads, where advances in technology and the level of complex, yet open, integration is on the precipice of enhancing how people live in ways we haven’t seen before. Contributing solutions to how these technologies improve the human experience is his passion, and he is excited to continue this work in collaboration with the Mobiquity team for years to come. Outside of work, Dom enjoys riding motorcycles, spending time with his large extended family as well as his three teenage children, his wife, and their two dogs. He is also active in his local community, serving as the president of his local high school’s music boosters program and volunteering his time with charities in support of the care and comfort of cancer patients. Dom has a Bachelor's of Science Degree in Computer Science from Rowan University.
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