Netsells partners with Hiscox to deliver a disruptive a proof of concept to the broker market
Working alongside Hiscox, we developed a proof of concept to demonstrate how a large insurance firm can embrace cutting-edge technologies
Technology has brought much change to the financial sector as a whole, driving immeasurable efficiency gains and revolutionising relationships between institutions and consumers. The insurance sector is no exception, as technology and automation has bought a new set of challenges and opportunities to the table.
Innovation with a 100 year old company
Hiscox is a FTSE 100 insurance provider that offers a range of insurance products aimed at both business and consumers. At over 100 years old, Hiscox has maintained a reputation for trustworthiness and dependability in an often volatile market. The company now has over 3,300 staff across 14 countries and 34 offices.
Netsells were appointed to help develop a proof of concept as part of a web development project aimed at supporting core APIs.
As the insurance market evolves, Hiscox were keen to update their core web properties in order to provide a solid foundation for future development.
They subsequently wanted to explore the potential benefits of alternative solutions that would incorporate modern development concepts such as Single-Page Applications (SPAs), server-side business logic and API-driven development.
Netsells worked with the project’s internal solutions architect to create a fully functional proof-of-concept for this new platform that clearly illustrates the benefits of enhanced functionality and how modern technologies could be applied to future-proof platform.
The backend consisted of Azure services which worked together to provide the underlying logic and data controls.
Proof of Concept in Software Development
Proof of Concept is a general approach in software development that involves testing a low-fi version of the software in order to obtain confirmation that the idea is feasible, viable and applicable in practice.
With the explosion of available technologies and development frameworks, many organisations are moving towards developing a proof of concept for new software and web assets.
This has a number of significant advantages, as it allows project teams to define and evaluate the viability of a proposed solution. This decreases risk and expenditure on sub-optimal solutions, alongside allowing for the development of detailed cost estimates and timescales for delivering the end solution.
External parties are often brought in to help develop a proof of concept, as they provide extra capacity and expertise, alongside adding value due to specialist knowledge of particular technologies.
Want to hear what the Hiscox team had to say about working with us on the project?
Find their Clutch review here