Intentional and unintentional technical debt are two very different types of tech debt, which are accrued for different reasons. Intentional tech debt can actually be part of a business strategy and have short-term benefits. Unintentional technical debt can be inevitable and also built into the business strategy with proper planning.
Technical debt can be measured and managed. With the right approach, insurers can regain control and refocus their technology resources on creating value for customers and the business. Addressing debt and refactoring after a project has concluded is an option – and a common one.
Guidewire was placed highest on the ability to execute axis and furthest on the completeness of vision axis. This is the fourth year that Guidewire has been named a Leader.
Partnering with insurtech broker Superscript, Amazon is looking to culminate the perfect partnership of e-commerce and bespoke technology, productising insurance in an entirely new manner in the UK.
If the project goes off course, the end result may not be what the insurer intended to have in the first place; requiring even more investment further down the line. This is where the significant need for Solution Assurance comes in.
