Tag: Symfa

Migrating from on-premises to cloud infrastructure is a major leap for any organisation. This was the case for a Fortune 500 insurer seeking to modernise its operations. Their existing system, which relied on outdated methods and manual processes, was no longer fit to handle the enormous amounts of data generated daily. This transformation involved building a robust, automated platform, transitioning to the cloud, and optimising for efficiency and scalability. Customer software development company Symfa explains how it supported the firm on this journey.

Health insurance plays a critical role in safeguarding individuals and families from the financial burdens of medical expenses, offering essential coverage and peace of mind during times of illness or injury. Traditionally, the industry relied on complex and rigid models, often burdened by lengthy paperwork, slow claims processing, and fragmented communication. However, the health insurance market is projected to reach a remarkable $2.38tn in gross written premiums by 2024, according to Statista. This comes amidst a significant shift towards digital platforms and telemedicine services.

Three years ago, a US insurance giant struggled to develop a Rules engine for their multiple user-facing applications. The project initially failed, leading them to enlist Symfa's expertise. Dmitry Denisko, senior software engineer at Symfa, delved into how the company reinvented the world of insurance business logic.

Generative AI, or GenAI, has rapidly shifted from a mere discussion point to a pivotal tool in business innovation, offering unprecedented efficiency and smart solutions. Ilya Mokin, head of R&D at Symfa, shares insights into integrating a ChatGPT bot within their in-house ERP system, highlighting the potential and challenges of custom on-demand reports and analytics.

In today's rapidly evolving digital landscape, leveraging cutting-edge technologies like Generative AI (GenAI) holds immense potential for businesses. However, ensuring success with GenAI implementation within Enterprise Resource Planning (ERP) systems comes with its own set of challenges and considerations.

As AI continues its ascent as a transformative force in the business landscape, the InsurTech sector has found itself as the latest realm aiming to tap into its remarkable potential. InsurTech Analyst recently spoke to a host of industry experts in a bid to unravel the profound impact AI is poised to have on the space. 

In a bid to revolutionise the landscape of Business Intelligence (BI) applications, Ilya Mokin, Head of R&D at Symfa, unveiled the intricate details of their recent BI modernisation project. Addressing the common challenge of sluggish reporting, Mokin shed some light on the hurdles faced, from onboarding complexities to navigating intricate business logic.

Enterprise BI application modernisation is an incredible challenge with good quality data and insights at stake. Making an effective start in this area of development can translate into real project value. In this blog post, Anatoly Bankovsky, Delivery Manager at Symfa, a software development company, shares how his team managed to do exactly this during his recent project for a US-based carrier employing 6,000 people.

Unveiling the pitfalls and limitations of Bubble, a no-code development platform, Alexander Shumski, Head of Presales, an engineer and architect at Symfa, offers a comprehensive analysis and reveals the intricacies that make it a challenging choice for enterprise BI development. Shumski offers his opinion on the discussion and offers nuanced insights into superior alternatives that amplify BI software development, ensuring a seamless transition towards enhanced efficiency and functionality.

Data masking has emerged as a crucial solution in the digital landscape, especially in 2023, where data stands as the most profound and vulnerable digital asset for businesses. Elijah Mokin, Head of R&D at Symfa, delves into data masking and its potential.