Old Mutual will work with AWS’s professional services organization, to migrate over 1,000 applications to AWS, shutting down its data centers by early 2022.
Kotch joins the company after an extremely active year during which several insurers became DataCubes clients, including The Hanover, Selective Insurance, RLI, Columbia Insurance Group and Penn National Insurance.
Other finalists were Eprezto, a Panama City-based distributor of auto and motorcycle insurance, and Nubihome, a smart home app and devices provider based in Buenos Aires.
The acquisition is the first step in Sapiens’ journey to enter Spain and Portugal, which the vendor sees as a long-term growth opportunity.
The Canadian general insurer will leverage Guidewire Core and Data products in the cloud to drive innovation and speed-to-market and increase business growth.
Moving core systems to the cloud is part of the insurer’s broader agenda of digital transformation and technology innovation.
The no-code, end-to-end enterprise software vendor will use the funds to drive expansion into new geographic and vertical markets and grow its engineering team.
Analysis of the evolving InsurTech landscape revealed a need to provide increased benefits for startups.
ClaimCenter will be implemented and delivered as a SaaS solution via Guidewire Cloud, powered by Amazon Web Services.
While cloud migration is not an easy task, it enables insurance companies to shift the IT backbone of the business operations and experience the benefits.