Source: Peak3
Graphene v3 exemplifies Peak3’s vision of a microservices insurance core platform designed to holistically support digital-first and AI-first business models across property & casualty (P&C), life, and health insurance sectors. Whereas Graphene v1 was originally built for innovative and embedded insurance propositions, pioneering innovations such as stackable micro-policies, Graphene v2 expanded to omni-channel distribution and traditional retail lines, spanning motor and property to health and savings insurance.
Graphene’s innovative open, distributed microservices architecture delivers unmatched flexibility for insurers in their modernization journeys. Insurers can deploy it as an end-to-end core platform across Policy, Claims, and Billing, but also as individual modules or as a middle-office or orchestrations layer to enhance or hollow out legacy core systems.
Graphene’s cloud-native, multi-tenant design uniquely enables multinational insurers to achieve scalable, efficient, and harmonized operations across multiple countries, potentially realizing cost savings of up to 80% in IT and operational expenditures per market. Furthermore, it enables insurers to reduce their emissions footprint by over 70% compared to traditional single-instance or on-premise deployments.
Read the full article: https://www.peak3.com/resources/news/peak3-announces-launch-of-graphene-v3-new-milestone-for-commercial-pc-health-insurance-and-ai-first-business-models
