The global insurance market is projected to recover from the COVID-19 pandemic and grow at a CAGR of 6% from 2021 to reach $6.8 trillion by 2023. Competition is set to intensify, creating a need for insurers to accelerate the release of new products. However, ensuring speed-to-market without underlying quality poses a significant challenge.
With Mindtree’s unique tool-based approach covering product ideation, application management, and testing, Insurers can fast-track product release.
MindPronto, our proprietary product repository management tool, uses a building block approach to define products and thus enable product ideation, management of product domain repository, impact analysis on new product launches, configuration of products, test data management, and test automation.
The tool compliments multiple facets of managed services by supporting the following:
- Enabling businesses with a product ideation platform to crowdsource ideas
- Enabling the product design team to create draft products and have a collaborative approach to seek feedback on the product from other business functions
- Enabling product analysts to use existing definitions to configure products quickly
- Providing a mapper to define data mapping between the product configurator and the target applications
- Understanding the various applications that are impacted by the product launch
- Generating test scenarios and test data
Benefit from Mindtree’s domain-centric and tool-based approach to manage applications in your enterprise with proven business outcomes.
| 50% reduction in product launch time | 80% decrease in overall test data generation effort | Transform automated regression testing with an increase from 35% to 90%+ coverage |
| Cut down time taken for configuration and testing in half with assisted test data management and test automation. | Test different scenarios with automated self-service test data management. | Shorten regression cycle time with Mindtree’s advanced automation solutions. |
