Polaris Software, a financial technology company, has launched Intellect SEEC, a Cloud-ready platform for the insurance sector.

Polaris said that the its first cloud-ready platform will offer 3X Efficiency Multiplier that runs on the Polaris Continuous Migration (PCM) Architecture.

According to the Polaris, the 3X solution combines: customized product launches; new distribution channels and automated service delivery.

It said that the 3X Efficiency Multiplier works in tandem with PCM to deliver over 50% savings in cost and time on complex solution delivery across multiple product configurations.

PCM in turn leverages from Insurance CBX, a delivery enabler which connects to the legacy systems,
providing integration and straight through processing for critical business processes.

Polaris claims that Intellect SEEC is a pure-play SOA based cloud offering comprising 10 platforms and over 70 products.