While the value of an SOA approach for increased efficiency and productivity may be obvious, these promised benefits are not necessarily enough to entice insurance companies to make the change. Any company–insurers especially–factors in the risk of losing mission-critical data if they need to replace their entire software infrastructure.
Companies must evaluate, how long it will take their employees to learn how to use the new system, and whether they will have to change existing business processes–many based on industry-specific needs–to map to how a new software systems works.
Guess what? An SOA approach addresses all of these concerns. Consider the following.
Common Concern 1: Will we lose mission-critical data if we move to an SOA approach?
No. An insurance company can use an SOA approach to take advantage of their existing software infrastructure by enhancing it with SOA-enabled applications and Web services. There is no need to rip and replace the entire IT environment, and no threat of losing mission-critical data.