Insurance

The AWS Cloud has helped insurers of all sizes transform their organizations to be more agile and innovative. By working with AWS, you will have access to tools and capabilities to enable a scalable infrastructure, reduce total cost of IT ownership, optimize costs with a pay-as-you-go model, implement automated security and compliance protocols, and improve the entire insurance lifecycle – including underwriting, policy, billing, and claims.

Learn why Pacific Life chose to innovate with AWS

Benefits

Accelerate Complex Calculations

By processing on AWS, compute-intensive calculations take minutes rather than days. This provides you the flexibility and time to ask more and deeper questions of the incoming data and discover ways to improve market positions.

Increase Agility

With AWS, you no longer have to manage physical data centers and servers. Treat your infrastructure as code and spend more resources on improving product quality, innovating more quickly, and better serving your customers.

Meet Business Continuity Requirements

AWS helps customers meet robust business continuity requirements, with features such as frequent server instance back-ups, data redundancy replication, and multi-region and multi-availability zone deployment architectures.

Use cases

  • Grid Computing
  • Data Analytics & Management
  • Disaster Recovery & Business Continuity
  • Digital Transformation
  • Grid Computing
  • Grid Computing

    The Financial Services industry has advanced grid computing in areas such as pricing, market positions, risk management, and other business critical operations. By taking these compute-intensive workloads out of the data center and into the AWS Cloud, organizations are realizing increased speed, scalability, and cost-savings. Learn about how Financial Services companies of all sizes are driving the next evolution of grid computing by working with AWS. Learn more about Grid Computing.

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    2nd Watch

    2nd Watch has solutions for Batch, Grid, and Big Data. Services also assist with compliance and security requirements, like Sarbanes Oxley, PII, and PCI-DSS.

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    Intel

    Intel Cloud Edition for Lustre is a scalable, parallel file system that is well suited for grid-computing environments and has capabilities that fulfill I/O subsystem requirements.

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  • Data Analytics & Management
  • Data Analytics & Management

    With the most complete data management platform and numerous partner solutions, AWS can help optimize the entire lifecycle of your data, including collection, ingestion, processing, analytics, short-term storage, and archiving. We also provide sophisticated capabilities to support real-time streaming and analytics, petabyte-scale warehousing, business intelligence tools, and machine learning. Learn more about Data Analytics & Management.

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    IHS Markit

    IHS Markit EDM delivers next-generation information, analytics, and enterprise data management solutions to global financial services organizations.

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    Cognizant

    Cognizant GeoLocus is an end-to-end insurance telematics solution, including in-car device options, mobile apps, data management, configurable driver scoring, and driver portals.

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    msg global

    To improve service and realize cost efficiencies, msg global solutions runs SAP for insurance solutions on AWS.

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  • Disaster Recovery & Business Continuity
  • Disaster Recovery & Business Continuity

    Unexpected events can have longstanding business and reputational impact, particularly for organizations that house complex systems such as exchanges. To help ensure your systems are secure and redundant, AWS offers tools to build disaster recovery and business continuity protocols, so that you can protect your organization without incurring the expense of another physical site. Learn more about Disaster Recovery & Business Continuity.

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    Actifio

    Actifio securely virtualizes applications and on prem environments in order to meet your disaster recovery and business continuity requirements.

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    Zerto

    Zerto Virtual Replication delivers robust disaster resiliency/business continuity solutions leveraging AWS as a recovery site.

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    CloudEndure

    CloudEndure solves the problem of downtime, using continuous replication of your entire cloud application with continuous data protection.

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  • Digital Transformation
  • Digital Transformation

    An enterprise-wide digital transformation offers organizations with numerous opportunities to improve customer experience and service, launch new market-facing applications, and automate and operationalize manual back-office processes. AWS has the tools and ecosystem of technology providers to build or purchase any core systems platform to effect a digital business and meet marketplace demands. 

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    Guidewire

    Guidewire InsuranceSuite offers applications that optimize the entire insurance lifecycle — through policy, billing, to claims — to capitalize on opportunities and gain efficiencies.

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    EIS Group

    The EIS Suite is a core insurance solution that optimizes the customer lifecycle and enables seamless customer experiences via any channel—online, mobile, or phone.

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    Cognizant

    The Cognizant Unified Insurance Platform includes core functionalities and integrated features to reduce the time, cost, and risk of migrating platforms.

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Case studies and resources

AON

“We can run all 5 million policies in minutes, instead of the standard overnight run times. We can get a very accurate and unique picture of our customers’ market risk exposure — and there is no other solution that offers better performance at a lower cost for this business.”

- Peter Phillips, Managing Director, Aon

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Radian

“Our success is really defined by how fast we can actually absorb the changes in the market, how in an efficient way we can actually respond to that, and ultimately be able to stay competitive. Infrastructure as code is one of the key drivers for that agility, efficiency, and quality.”

- Soofi Safavi, Chief Technology Officer, Radian

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Smatis France

“Solvency II requires us to implement a complete back-up solution and a high availability architecture. AWS with their multiple availability zones, durability, and redundancy aligns perfectly with Solvency II directives.”

- Daniel Sery, Head of Information Systems, Smatis France

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Get started

Leading companies in the financial services industry are already using AWS. Contact our experts and start your own AWS Cloud journey today.