Modernizing Insurance Systems with Java, Spring Boot, AWS, and AI: A Comprehensive Technical Framework

Abstract

The insurance sector's systems currently experience significant challenges in modernization, which are caused by the monolithic systems developed in the older technology systems. This article outlines the technical approach to the modernization of insurance systems, which will require the effective utilization of Java, Spring Boot, and Artificial Intelligence technology. The article covers the domain-driven design approach, which will allow the software design to fit the domain of the insurance business, and the microservices design approach, which will break down the monolithic software systems into deployable units of software. Also, the article highlights the cloud development approach, which will take advantage of the elastic nature of the cloud and its various ready-to-use services. The article also highlights the technical approach to the implementation of the insurance systems’ security, which will cover the authentication and authorization of the software systems, protecting the software systems from various threats, and the compliance of the software systems with various regulatory requirements, which will be required by the insurance systems to handle the insurance information of a sensitive nature. Other aspects of the article include the event-driven approach, which will enable the software systems to communicate effectively, and the Artificial Intelligence approach, which will revolutionize the insurance systems through the application of Artificial Intelligence technology. The article highlights the approach to the implementation of the software delivery of the insurance systems, which will include the DevOps approach, which will enable the software systems to be developed and delivered to the insurance market effectively and efficiently.