EY is driving innovation in the insurance industry with its latest cutting-edge enablement platform for technology integration , Nexus .

Earlier this year , GroupAssur – one of Canada ’ s fastest-growing P & C insurance providers – announced it had partnered with Guidewire , ushering in its digital transformation .

EY ’ s Nexus platform is a middleware microservices integration layer with extensive service catalogues , API inventories , adapters , and insurance-specific data models that complement Guidewire ’ s suite of core insurance products .

Neil Pengelly , EY ’ s Canadian insurance consulting leader , is based out of Toronto , Ontario , Canada . He describes Nexus as an enablement platform that brings best-ofbreed capabilities across a broad spectrum of software and business technologies to enable clients .

“ The Nexus for Insurance platform provides a core system that is powered by Guidewire , with EY ’ s Nexus assets . This allows the rapid deployment – in a matter of months versus years – of full-stack capabilities that provide them the pricing and underwriting functions they need to be able to deliver on their business , as well as a full-scale set of integrations ,”

Nexus also includes many other capabilities such as document generation , enterprise content management , and a finance system .

Fast deployment and the digital ecosystem

As technologies rapidly change , companies need to constantly stay ahead of the new innovations , which is why Nexus brings so much value .

Based in California ’ s Silicon Valley , EY ’ s global insurance technology leader David Connolly says “ Insurance companies in many cases are struggling to keep up with the roughly 2000 insured techs that have emerged , let alone all the changes in the existing companies such as Guidewire and Duck Creek and EIS and others . Our selfassigned job is to keep up with all of this and make it very easy for our clients to understand what technology can do for their business , as well as how to enable change at speed without bearing the burden of all the research required to figure out who to partner with .”

Pengelly then concludes , “ The need for insurance companies to bring more agility into the market and get more products out based on customer preferences has never been stronger ,” he concludes . “ Nexus is positioned to support that .”

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