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Industry Specific - Insurance Central Ministry of Finance Insurance Act, 1938

IRDAI issues an express of interest for Development and Implementation of Regulatory Information Management System using Low Code Platform for IRDAI

10-Mar-2025 | Ref. No. IIB/IRDA/Tech/PD/2024-25/001

IRDAI has issued an express of interest for Development and Implementation of Regulatory Information Management System using Low Code Platform for IRDAI.

By virtue of document:

- Low-code platforms are tools that enable the development of software applications with minimal coding, making software development more accessible to non-programmers. An Expression of Interest (EOI) has been issued to invite proposals outlining the scope of services/work necessary for the development and operational aspects (focusing on the benefits of low-code platforms), infrastructure requirements, licensing models, and the tentative cost of the project.

- The primary expectations from the low-code platform are:
1) Enabling end-to-end workflow management
2) Document storage and retrieval
3) Dynamic assignment and transfer of workflow users, with options to comment on each action
4) Parallel routing of requests and documents to primary and secondary process owners
5) Workflow response metrics, built-in and customizable reports, and executive dashboards.

For more information, please refer to the specified document.

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