SpringOne Platform 2016 Speakers: Rag Ramanathan; Senior Director, Cognizant & Satish Venkatesan; Senior Director, Cognizant Insurers are increasingly leveraging digital technologies to bring in significant changes to their business and operating models. Many strategic programs are currently underway within life, P&C and retirement service providers to embrace customer centricity, API-based distribution channels, loss control through real-time digital data and a lean operating model. Join Cognizant’s session to learn how we bring together our industry expertise in Insurance and our Lean/Agile techniques, powered by vast experience with Spring and PCF, to innovate with our clients and create business value. The first part of the session will cover Cognizant cloud-native digital business solutions and platforms (drone, IoT, innovation prototyping platforms etc.) that supports the business and next-gen IT transformations within insurers. Spring Framework, Cloud Foundry and container based technologies serves as architectural building blocks and delivery platforms. While developing new applications using modern frameworks like Spring and Spring Boot already reduce the time to value for businesses, additional software components and tools further accelerate the time. The second part of this session will cover such tools as developer Blueprints, Microservices, and a single Portal for enabling these on multiple PaaS environments. These additional tools and software help our development teams accelerate value creation for clients by focusing on the business application rather than infrastructure and frameworks setup.

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Lean Innovation In Insurance with
DigitalWorks Foundry
August 2016 | SPRINGONE PLATFORM
Satish Venkatesan | Rag Ramanathan | Dileep Hareendran

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How many
of you have
heard of
Cognizant?

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Global 1000
company Topped Client Satisfaction Rankings
The fastest growing information technology organization in the world, #3 in Fortune’s
“Most Admired Companies” in Info-tech Services
100+ Global Delivery Centers
20,000+ Projects
Market Capital over $40 billion
221 K +Employees operating from 40 Countries
Founded in 1994
(NASDAQ : CTSH)
US Based
HQ in Teaneck, NJ
1,250+Active customers
“Client First” culture
FY 2015 $12.41 bn
(21% Growth)
Re-investment Strategy funding CoEs
Cognizant Overview

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Cognizant’s Insurance Practice Overview
Customers: 130+ insurance
clients globally
Insurance Employees:
31,100+ Overall
16,780+ L&A
14,300+ P&C
Projected to reach $2Bn revenue
in 2016
Working with world’s leading insurance clients
7 of the top 10 Global Insurers
33 of the Top 50 US Top 50 Insurers
All top 10 U.S Life & Annuities
Insurers
5 of top 10 US Retirement Insurers
8 of the top 10 US P&C Insurers
InsuranceNext –
Industry specific
Experience Center

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Do you think emerging technologies have value within Insurance?

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Our Insurance Crystal Ball…

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Data Science Drones
Incubating
Innovation
Insurance in a
Box
Omni-channel
experience
Smart Farming
Geospatial
Analysis & LI
Robots Thermography Crowdsourcing Gamification
Natural
Language
Processing
Natural User
Interface
Nearables
Personalized
Videos
3D Printing
Autonomous &
Connected
Vehicles
Blockchain
Climate
Changes
Response
Deep Learning
Machine
Learning
Nanobots
Smart Homes /
Connected
Buildings
3D Motion &
Depth Sensing
Crypto-
currencies
Social Business Biometrics
Futuristic
Peer-to-Peer
Insurance
Shared
Economy
TransformationalHighModerate
Immediate
Hearables
Cyber Risk
Public Web-
APIs
Microservices
Virtual
Assistants
Wearables
(Eyewear)
Virtual &
Augmented
Reality
Robotic
Process
Automation
Crystal Ball for Property & Casualty Insurance

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Data Science
Incubating
Innovation
Omni-channel
experience
Wearables
(Wrist wear)
Crowdsourcing Gamification
Natural
Language
Processing
Natural User
Interface
Nearables
Personalized
Videos
Connected
Health
Deep Learning Genomics
Machine
Learning
Nanobots Robo Advisors Social Business
Biometrics
Futuristic
Hearables Microservices
Immediate
TransformationalHighModerate
Public Web-
APIs
Crypto-
currencies
Virtual
Assistants
Virtual &
Augmented
Reality
Robotic
Process
Automation
Crystal Ball for Life & Annuity Insurance and Retirement Services

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Innovation is already
happening…

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Software is rewriting Insurance
“Historically, we’ve seen mutual
insurance companies (insurance
companies owned by policyholders)
and stock insurance companies
(insurance companies owned by
shareholders). We expect to see
more crowdsourced insurance
companies, just as we’ve seen in
other parts of the financial system.”
Frank Chen from Andreessen Horowitz
130 odd startups think so….
Source: cbinsights
InsuranceTech rising
Over 130 startups in P2P, robo-advisors, IoT, and digital

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There is no lack of ideas…
But insurance enterprises lack
continuous innovation and
NextGen models.

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Cognizant’s Innovation Journey with Spring and PCF
Operational Agility
Customer Engagement
2007-10 2012 2014 2016 2018
Claims
Adjuster
Optima Write
Mobile Claims
Adjuster
Optima Intake
Life EngageGeoLocus
Telematics
Drone
APS for Life
Insurance UW
RPA for UW
IEM
Systems of Rapid, Continuous Innovation
INCatalyst DigitalWorks
Foundry
GeoLocus
IOT
Work
Activate

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Innovation Lab powered by

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INCatalyst – Core Architectural Patterns
Pattern 2: Legacy IntegrationPattern 1: Mobile Strategy Pattern 3: IOT

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The Methodology
Intrapreneurship: Lean Startup and MVPs

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Move rapidly from idea to prototype to the next generation of digitally inspired solutions.
The IdeaLab The Collaboratory The Foundry
Ideate and Prototype
Start small | Learn fast
Design | Prototype | Validate | Iterate
Minimum Viable Product defined
Discover
Think big
Gather inputs from multiple sources
Identify opportunities | Synthesize and prioritize
Pilot and Scale
Scale quickly
Build, launch and test pilots
Set up people, processes and technology to scale
MVPSpark
Cognizant Digital Works™
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Introducing Cognizant Foundry
Combines best parts of cloud services, technology stack
and people to drive innovations to reality

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Magic after CF
PUSH
How about before
CF PUSH ?

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Blueprints: Accelerate Dev before CF PUSH
• Many tasks before dev
• Dev environment setup
• Frameworks, and libraries
• Infrastructure, and vertical domain-
specific microservices

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Foundry Marketplace
Common microservices across many Cloud Foundry
based PaaS
e.g: Logger, Authentication
Domain specific microservices
e.g: Underwriting Assistant, Claims Fraud
analytics

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Visit our booth at the Community Hub
Foundry@cognizant.com

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Keep Challenging
Thank You