Business model & cost structure
Innovation & speed-to-market
Configuration, flexibility & support
Compliance & regulatory adaptation
Operational efficiency & long-term scalability
End-to-end services & ecosystem
PaaS
Upfront pricing
High agility, fast launch & modern tech stack
Highly configurable, with less reliance on external consultants
Compliant across markets
Highly scalable across regions and products
Comprehensive services across the insurance value chain
Core insurance platform
SaaS
Lower initial price, but you pay for additional features
Rigid and slow to launch due to traditional software architecture
Implementation and maintenance requires significant work & external consultants
Doesn’t adapt as quickly to new regulations
Bottlenecks when expanding to new regions or products
Needs additional services to cover the full value chain