Mendix, a Siemens business and global player focused on modern enterprise application development, has embarked on an “aggressive” strategy “to build a robust technology partner community that empowers enterprises and software startups to dramatically accelerate digital transformation.”
As part of Siemens Xcelerator, the open digital business platform that accelerates digital transformation, Mendix is “expanding its low-code ecosystem with a new generation of technology partners and integrated solutions.”
As an example of the initiative’s recent success, Mendix announced “that ISV partner In Motion has built a suite of modular, cloud-native solutions, called Policysense, that enables and accelerates an insurer’s critical processes including sales, distribution, claims, policy administration, reinsurance, and premium collection.”
The insurance companies “which have piloted or are using the solution benefit from agile product delivery guided by In Motion’s expert staff.” They can “customize their applications quickly to meet their organization’s unique requirements.”
Importantly, it is “the first end-to-end insurance system built on Mendix.”
Representatives from Mendix and In Motion will be “available at ITC LATAM, April 24 to 26, 2023, at the Fontaineblueau Hotel in Miami, booth #112 to answer questions about the Mendix platform and Policysense.”
In Motion is transforming the insurance industry
In Motion is a partner of “both Mendix and Siemens Digital Industries Software Solutions.”
Its insurance-focused platform is “available directly from In Motion and from the Mendix and Siemens Xcelerator Marketplaces.”
According to a 2022 McKinsey & Co. report:
“Only a transformative approach will allow an insurer to survive and thrive in a post-COVID-19 world. Each carrier is unique, but any company can begin the process to improve productivity by establishing the trajectory and full performance potential of the business across the value chain — including sales and distribution, product development, operations, technology, and corporate functions.”
Jethro Borsje, chief ecosystem solutions officer at Mendix, said:
“In Motion exemplifies the ‘innovation platform economy’ that Mendix is facilitating. We’ve created a framework for partners and customers to create packaged business capabilities, software components, and complete customizable solutions, which they can commercialize. It creates a circular, network effect that benefits all parties and facilitates the rapid digitalization that is essential in today’s digital-first economy.”
A unique proposition among low-code platforms
As the enterprise low-code platform, Mendix has “created a program specifically tailored to independent software vendors that empowers them to build commercial software atop the Mendix platform.”
With Mendix, ISVs can “iterate, improve their offering, and capitalize on new market opportunities.”
Reusable content offerings on the Mendix Marketplace “include connectors, feature modules, vertical industry templates, app services, widgets, and other components and packaged business capabilities that accelerate application development.”
Partners can also “create and market entire solutions customized for specific vertical industries.”
Mendix is actively “structuring relationships with ISVs, VARs, and systems integrators that have expert domain knowledge.”
These partners are uniquely positioned “to create components and entire solutions that target unique needs and pain points in various industries.”
Customers in those industries “mitigate their risk and accelerate their transformation with proven packaged solutions, in turn ultimately delivering value faster to their own customers.”
Mendix’s Jethro Borsje said:
“From a CIO’s perspective, Mendix is empowering technology partners of all kinds to build solutions. And, as the low-code engine within the Siemens Xcelerator platform, we are enabling companies across industries to digitally transform. We know in this day and age, solutions to business needs are specialized and unique. The content provided by our low-code community reduces risk by showcasing road-tested solutions with out-of-the-box functionality without compromising on the benefits that low-code software development has to offer.”
For In Motion and its customers, “flexibility is key”
Pablo Moreno, CEO of In Motion, said:
“We are thrilled to be partnering with Mendix. The Mendix low-code platform is the perfect tool for us to develop and deliver solutions for digital innovation and insurance, helping to transform the business and operation of insurers and their value chain. We have no doubt that Policysense is the first insurance platform created with the breadth and depth of Siemens-Mendix engineering. Our new offering will allow the insurance world to differentiate itself and compete in a very agile way. This partnership brings us to the absolute forefront of a rapidly-changing industry.”
Supporting a larger Mendix platform economy
Starting in 2020, the pandemic “initiated a seismic shift that ushered in the digital-first economy and redefined the rules of competitive engagement.”
For enterprises to achieve the necessary agility to succeed, “the ability to rapidly innovate and iterate is critical.”