Adopting cloud computing is becoming the norm in the present digital-first business world. You can choose public, private, hybrid cloud, and multi-cloud solutions. Choosing the right one to suit your business needs can be challenging unless you know what each type of cloud brings. They can also be single-tenancy, multi-tenancy, or hybrid tenancy models.

Guidewire Cloud is a software-as-service (SaaS) platform based on Amazon Web Services (AWS). It is designed for Guidewire InsuranceSuite core applications and includes cloud-native services, standard data models, configuration tools, embedded analytics, and open APIs.

Guidewire Cloud is an innovative platform that offers hybrid tenancy to provide flexibility to customers who want a secure, enterprise-grade environment while also being able to adopt new features and tools as they become available. Guidewire Cloud allows you to keep your data where it is and still benefit from cloud computing.

With Guidewire Cloud Platform (GWCP), your data is secure but accessible anywhere in the world. This means you can use any device, anywhere. You can also take advantage of new features as soon as they launch without worrying about migrating your data. This article further explores how Guidewire Cloud can maximize customer value with a hybrid tenancy.

What is hybrid tenancy?

Hybrid tenancy constitutes a microservices architecture to leverage single and multi-tenant services for performance, security, and scalability. The hybrid-tenancy model also enables an application platform to deliver functionality across the same three parameters.

Guidewire cloud offers a hybrid-tenancy model while keeping the core of InsuranceSuite in components to be deployed as single-tenant instances by the end-user. These single-tenant instances are further augmented by multi-tenant services that are shared among multiple customers. However, tenancy decisions and architectural approaches are made, keeping maximum value for the customers in mind. The hybrid cloud strategy helps insurance companies transition to the cloud while leveraging the existing environments with better Insurance industry solutions.

How does Hybrid tenancy architecture in GWCP work?

Guidewire Cloud is a hybrid cloud solution for insurance enterprises. The solution provides a single instance of Guidewire architecture which allows an organization to host its core business applications on a single instance and then use the Guidewire Cloud Platform as a multi-tenant, platform-as-a-service (PaaS) environment to host additional applications.

The Guidewire Cloud Platform is designed to support large, complex systems that require elasticity and high availability. It offers a suite of services that can be provisioned as needed, including:

  • Database hosting
  • Load balancing
  • Web access control
  • Search engine optimization (SEO)

Guidewire’s cloud platform is a standardized cloud infrastructure and services layer built on top of Amazon Web Services. It leverages Kubernetes to deploy, manage, and scale containerized workloads consisting of single-tenant InsuranceSuite instances and multi-tenant cloud-native services. Collectively, these form the hybrid tenancy model behind the cloud platform.

Guidewire’s hybrid tenancy model optimizes customer value where it is essential. It is single-tenant for isolating the core and most valuable services, including business logic and customer data. It is multi-tenant for enabling shared P&C business and technical services as well as delivering new capabilities. Both leverage the same collection of cloud infrastructure services, configuration tooling, and CI/CD pipelines.

Achieve operational cost-efficiency

Guidewire’s focus has always been on providing its customers with an evolutionary transition to the cloud, and its hybrid tenancy architecture is also designed for cost-efficiency. While comparing single vs. multi-tenant services used to be fairly straightforward, the advent of containerized workloads orchestrated by Kubernetes changes the cost dynamic entirely. The hybrid tenancy model of Guidewire Cloud offers excellent overall value by providing a more optimum balance between speed of adoption, performance, operability, and cost.

Although there is a common consensus that the future is in the cloud, this goal cannot be achieved at an unlimited expense. Guidewire customers made huge investments in enabling their core business around InsuranceSuite, which is an investment that they would like to preserve. If your enterprise already leverages Guidewire’s InsuranceSuite, the hybrid tenancy model enables you to achieve your cloud future while continuing to leverage existing investments. It also enables you to continue leveraging the skills and experience of your existing employees, enhancing the service they can provide while keeping costs down.

Conclusion

As the market for cloud-based software services continues to grow, it’s become increasingly important for businesses to be able to offer the maximum value to their customers while still maintaining their own profitability. Guidewire Cloud is a leading cloud-based enterprise software platform that enables insurers and reinsurers to manage their operations. It provides customers with a single, unified solution that helps them make better business decisions with the information they need to drive growth and competitive advantage. Guidewire Cloud is built on the concept of hybrid tenancy, which allows you to mix on-premise and cloud-based applications in one virtualized environment. This means you can get the best of both worlds – the flexibility of running your applications from the cloud while still having access to all the benefits of having them on-premises.

Please reach out to us at [email protected] or sign up for a free consultation!
Visit our – Guidewire Transformation Services

Read our other Blogs:

Importance of building a Guidewire post-implementation team

3 reasons to migrate to Guidewire Cloud

QA Strategy to be adopted while implementing or upgrading Guidewire products

Deliver business value faster and easier with Guidewire Cloud Infrastructure

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