- Admin
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- 2 minutes
- Feb 20 2024
DiscoverMarket – Revolutionizing Embedded Insurance with a Scalable Platform
A Snapshot
DiscoverMarket, a trailblazer in Embedded Insurance, aimed to transform how individuals and businesses access insurance. Their vision: a seamless marketplace connecting the insurance value chain, streamlining operations for providers and delivering a frictionless buying experience for customers. ITC partnered with them to build a robust, secure, and scalable platform that turned this vision into reality.
The Business Challenge
DiscoverMarket faced complex hurdles:
- Platform Demands: A secure, scalable system was critical to enable users to compare quotes and manage products while ensuring admin efficiency.
- Architectural Complexity: A modern, microservices-based architecture was needed to guarantee performance and data security across millions of transactions.
- Team Coordination: Remote sub-teams across time zones struggled with communication and alignment, risking delays.
- Balancing Act: Ongoing maintenance competed with new feature development, threatening stability and innovation.
- Regulatory Navigation: Operating across countries required compliance with diverse regulations and cloud environments.
- Risk & Fraud: Manual processes for risk assessment and fraud detection slowed operations and introduced errors.
Our Strategic Solution
ITC delivered a phased, end-to-end transformation:
Scalable Marketplace
- Built a microservices and micro-frontends platform (M.A.C.H architecture) to handle 10K+ concurrent users and double delivery speed.
- Enabled real-time quote comparisons, product management, and reporting with a user-friendly interface.
Security & Performance
- Implemented passwordless authentication (Passkey) and AI-driven tools (e.g., ChatBot, GitHub Copilot) for a secure, high-performance ecosystem.
- Used a multi-cloud strategy (Azure, AWS) with sharding and replication to ensure data integrity and uptime globally.
Efficiency & Agility
- Adopted Trunk-Based Development and automated testing (100% website coverage) to accelerate deployment and maintain stability.
- Streamlined remote team workflows with Agile practices, overcoming time zone challenges.
Automation Advantage
- Integrated automated risk assessment and fraud detection, cutting manual effort and boosting accuracy.
Measurable Impact
- Speed: 2X faster delivery, from PoC to MVP.
- Scale: Handles 10K+ simultaneous users with zero downtime.
- Reliability: 100% automated testing ensures flawless performance.
- Efficiency: Reduced manual workload, freeing resources for innovation.
Why It Matters
- Market Differentiation: A standout platform in a competitive insurtech landscape.
- Customer Trust: Ironclad security and seamless UX to build loyalty.
- Growth Readiness: A scalable foundation to expand globally without friction.
Project Essentials
- Approach: Dedicated team model
- Services: Full-stack development (front-end, back-end, DevOps), QA/testing, consulting
- Industry: Insurance
- Tech Backbone: Microservices; Micro FrontEnds; Java; Spring Boot; Spring Cloud; Spring Retry; Spring JPA; Spring Aspects; Spring Security; Angular; State Management; RxJS; TypeScript; ES6+; HTML5 & Bootstrap; CSS; SCSS; TailwindCSS; Redis; MongoDB; CosmosDB; ELK; Active Directory; Virtual Network; AKS; Blob Storage; CDN; App Gateway; API Management; Developer Portal; WAF; Service Bus; App Services; Cosmos DB; Clarity; SAST; DAST; Automation Testing; CI/CD; JMeter; Jenkins; GitHub Actions; Gitlab Registry; NewRelic; Git-flow.
The Bottom Line
ITC empowered DiscoverMarket to redefine embedded insurance—delivering a platform that’s fast, secure, and built to scale. For insurtech leaders seeking innovation and efficiency, this is the gold standard.
