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.
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.
By creating the right team, evolving to straight-through processing with discrete goals, and mandating microservices, an insurer can create a powerful roadmap for digital transformation.
While outsourcing may not be the solution to every problem, transitioning to a system designed for today’s investing climate can help mitigate risk, increase efficiency and alleviate significant sources of operational pain.
Industry organizations to extend ongoing collaboration in order to effectively meet the needs of agencies for efficient next-generation data exchange.
Opting for cloud implementation will enable OKFB Insurance to adapt quickly to changing market demands and enhance customer service.
The New York-based mutual life insurer is moving the majority of its workloads to AWS to reduce its data center footprint as it drives business transformation, operational efficiency, and innovation.
In his new role, Choudhury will oversee Vantis Life’s IT practices, including acting as the touch point for its new accelerated underwriting and direct-to-customer services.
The expansion of the firms’ existing relationship includes enterprise services for Anthem’s mainframe and data center server and storage infrastructure management, as well as AI-driven IT automation.
Insurers must transform by leveraging their legacy investments to create an agile enterprise focused on omnichannel customer experience and customer intimacy.