10%

Try : Insurtech, Application Development

Edtech(5)

Events(34)

Interviews(10)

Life@mantra(11)

Logistics(1)

Strategy(14)

Testing(8)

Android(46)

Backend(29)

Dev Ops(3)

Enterprise Solution(22)

Frontend(28)

iOS(41)

Javascript(13)

Augmented Reality(17)

Customer Journey(12)

Design(13)

User Experience(34)

AI in Insurance(31)

Insurtech(59)

Product Innovation(37)

Solutions(15)

E-health(3)

HealthTech(8)

mHealth(3)

Telehealth Care(1)

Telemedicine(1)

Artificial Intelligence(109)

Bitcoin(7)

Blockchain(18)

Cognitive Computing(7)

Computer Vision(8)

Data Science(14)

FinTech(44)

Intelligent Automation(26)

Machine Learning(46)

Natural Language Processing(13)

Laravel vs Zend – Features You Need to Know Before You Start

Developing Web applications can be a time intensive and complicated process as it involves delivering unique user experiences over browsers and smartphones. However, it can be streamlined by using PHP framework to create simple and rapid agile applications. This is usually doable due to the reuse of generic modules or components, and the convenience that comes with a unified structural foundation.
A PHP framework also helps to achieve application scalability and simplify maintenance, ensuring compliance with the most important development standards.
Other than that, to achieve economies of scale, your top most priority must be to develop high quality apps with optimal use of resources. PHP frameworks helps you to concentrate on those specific tasks that result in the creation of sustainable and flawless code. But the question lies which framework should you use to create your web apps?
For one of our clients, we did a POC on some of the widely used frameworks of PHP, to see which framework is best recommended for the e-commerce business solution.
We have taken the top two most widely used members of PHP framework family – Laravel 5 and Zend 2.0, and tried to evaluate how they stack up against each other and which one is best to use.
The five questions which were answered during POC of the two frameworks are:
1. Do we have high performance template engine support present?
2. SQL injection attacks and cross-site scripting (XSS) prevention?
3. Cookie Information management?
4. Caching system that loads your web applications extremely fast?
5. Authentication support that is facilitated via RBAC (Role Based Access Control)?

For our client we did a small exercise and answered above 5 questions.

 

Zend Laravel
Zend Framework, which provides a number of ready-to-use components to improve your application’s security. It uses a blade template engine to speed up compiling tasks, and users can include latest features so easily. Laravel has its own light-weight templating engine called “Blade”.
Zend Framework offers an Escaper component to escape output and defend from XSS and may be vulnerable to SQL injection attacks. Client-side cross-site scripting protection (xss) is there, Laravel’s {{}} syntax will automatically escape any HTML entities passed along via a view variable. Laravel’s Eloquent ORM uses PDO parameter binding to avoid SQL injection. Parameter binding ensures that malicious users can’t pass in query data which could modify the query’s intent.
Has a built in authentication support that is facilitated via RBAC (Role Based Access Control). RBAC is present here
We can add Caching system that loads your web applications extremely fast Caching system that loads your web applications extremely fast is present by default.
We can do Cookie Information management in Zend All cookies created by the Laravel framework are encrypted and signed with an authentication code

 

Adding to the comparison that is in table-1, we evaluated some more points in Laravel vs Zend 2.0.:

COMPARISON TABLE

Features Laravel Zend
Memory Recommended 1 Gb 512 Mb
Template Language Accounts for Blade in Addition to Php, Smarty and Twig Does not account for Blade in addition to Php, Smarty and Twig
Development Principles Test-driven development, No repetition, Configuration over convention Configuration over convention
Released Version 5.0 2.0
Programming Paradigm Functional, Event Driven, Object Orientated Event Driven, Object Orientated
Scripting Language Support Php & Amp; Javascript Php
Front End Php Php & Javascript
Client/Server Code Reuse Model View Controller, Template Language, Web Services Model View Controller
Data Storage Berkeley Db, Relational Db, File System Relational Db, File System
Library File Size 17Mb 8Mb
Api Comprehensibility 5 star 3 star
Implementation Flexibility 55% 45%
Community Feedback 5 Star 4 Star
Ease of Use 5 Star 3 Star
Uncompressed Size 2Mb 9Mb
Maven Support No Yes
Resource File Processing Yes No
Partial Classes Yes No
Javascript Library included No Yes
Requests Per Second 100 1000
Modules/Extensions/Plug-Ins 8000 9999
Easy to Configure Yes No
Xss Yes No
Cloud Platform Support Google App Engine, Amazon Ec2, Fortrabbit, Pagoda Box, Digital Ocean, Heroku, Linode, Openshift Windows Azure, Amazon Ec2, Heroku, Openshift
Email Protocol Smtp, Imap, Pop3, Mailgun, Mandrill Imap, Pop3, Smtp
Design Pattern Active-Record, Model-View-Controller, Dependency Injection, Observer, Singleton, Facade, Event-Driven, Mtv Dependency Injection, Model-View-Controller, Event-Driven, Data Mapper, Singleton, Active-Record
Database Sqlite, Mysql, Postgresql, Redis, Microsoft Bi Microsoft Bi, Mysql, Postgresql, Mariadb, Sqlite, Ibm Db2, Oracle, Mongodb

 

Considering the success criteria like raboust/stability/scalability/security etc. in top 2 tables, it is clear that Laravel stands better than Zend.

In case, you any queries on Laravel vs Zend, feel free to approach us on hello@mantralabsglobal.com, our developers are here to clear confusions and it might be a good choice based on your business and technical needs.

Cancel

Knowledge thats worth delivered in your inbox

Retention playbook for Insurance firms in the backdrop of financial crises

4 minutes read

Belonging to one of the oldest industries in the world, Insurance companies have weathered multiple calamities over the years and have proven themselves to be resilient entities that can truly stand the test of time. Today, however, the industry faces some of its toughest trials yet. Technology has fundamentally changed what it means to be an insurer and the cumulative effects of the pandemic coupled with a weak global economic output have impacted the industry in ways both good and bad.

Chart, line chart

Description automatically generated

Source: Deloitte Services LP Economic Analysis

For instance, the U.S market recorded a sharp dip in GDP in the wake of the pandemic and it was expected that the economy would bounce back bringing with it a resurgent demand for all products (including insurance) across the board. It must be noted that the outlook toward insurance products changed as a result of the pandemic. Life insurance products were no longer an afterthought, although profitability in this segment declined over the years. Property-and-Casualty (P&C) insurance, especially motor insurance, continued to be a strong driver, while health insurance proved to be the fastest-growing segment with robust demand from different geographies

Simultaneously, the insurance industry finds itself on the cusp of an industry-wide shift as technology is starting to play a greater role in core operations. In particular, technologies such as AI, AR, and VR are being deployed extensively to retain customers amidst this technological and economic upheaval.

Double down on digital

For insurance firms, IT budgets were almost exclusively dedicated to maintaining legacy systems, but with the rise of InsurTech, it is imperative that firms start dedicating more of their budgets towards developing advanced capabilities such as predictive analytics, AI-driven offerings, etc. Insurance has long been an industry that makes extensive use of complex statistical and mathematical models to guide pricing and product development strategies. By incorporating the latest technological advances with the rich data they have accumulated over the years, insurance firms are poised to emerge stronger and more competitive than ever.

Using AI to curate a bespoke customer experience

Insurance has always been a low-margin affair and success in the business is primarily a function of selling the right products to the right people and reducing churn as much as possible. This is particularly important as customer retention is normally conceived as an afterthought in most industries, as evidenced in the following chart.

Chart, sunburst chart

Description automatically generated

        Source: econconusltancy.com

AI-powered tools (even with narrow capabilities) can do wonders for the insurance industry at large. When architected in the right manner, they can be used to automate a bulk of the standardized and automated processes that insurance companies have. AI can be used to automate and accelerate claims, assess homeowner policies via drones, and facilitate richer customer experiences through sophisticated chatbots. Such advances have a domino effect of increasing CSAT scores, boosting retention rates, reducing CACs, and ultimately improving profitability by as much as 95%.

Crafting immersive products through AR/VR

Customer retention is largely a function of how good a product is, and how effective it is in solving the customers’ pain points. In the face of increasing commodification, insurance companies that go the extra mile to make the buying process more immersive and engaging can gain a definite edge over competitors.

Globally, companies are flocking to implement AR/VR into their customer engagement strategies as it allows them to better several aspects of the customer journey in one fell swoop. Relationship building, product visualization, and highly personalized products are some of the benefits that AR/VR confers to its wielders.  

By honoring the customer sentiments of today and applying a slick AR/VR-powered veneer over its existing product layer, insurance companies can cater to a younger audience (Gen Z) by educating them about insurance products and tailoring digital delivery experiences. This could pay off in the long run by building a large customer base that could be retained and served for a much longer period.

The way forward

The Insurance industry is undergoing a shift of tectonic proportions as an older generation makes way for a new and younger one that has little to no perceptions about the industry. By investing in next-generation technologies such as AR/VR, firms can build new products to capture this new market and catapult themselves to leadership positions simply by way of keeping up with the times.

We have already seen how AR is a potential game-changer for the insurance industry. It is only a matter of time before it becomes commonplace.

Cancel

Knowledge thats worth delivered in your inbox

Loading More Posts ...