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Traditional monolithic policy processing systems are often burdened with complexity and inefficiency, leading to slow response times, errors, and customer dissatisfaction. However, the emergence of InsurTech has paved the way for innovative solutions that can revolutionize insurance policy processing.
In this blog, you’ll learn how to build a modern, scalable insurance policy administration system on Amazon Web Services (AWS). Specifically, we’ll create an event-driven architecture using services like Amazon EventBridge, AWS Step Functions, and AWS Lambda to loosely couple components for efficient policy processing and underwriting.