Denodo Technologies Case Studies A Swiss Reinsurance Firm Leveraged the Denodo Platform to Launch New Products

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	A Swiss Reinsurance Firm Leveraged the Denodo Platform to Launch New Products Denodo Technologies

A Swiss Reinsurance Firm Leveraged the Denodo Platform to Launch New Products

Denodo Technologies

Technology Category	Infrastructure as a Service (IaaS) - Cloud Computing Platform as a Service (PaaS) - Data Management Platforms
Applicable Functions	Business Operation
Use Cases	Regulatory Compliance Monitoring
Services	Cloud Planning, Design & Implementation Services
Challenge	The risk management department of the reinsurance giant struggled with an increasing number of regulatory requirements, which was reflected in longer lead times and lower customer satisfaction. The department needed a holistic view across all sub-areas of risk in the life insurance, property insurance, and investment lines of business. Over time, the company's traditional data warehouse architecture began to face challenges, particularly in handling the high frequency of new regulatory requirements. The limitations of the company's data warehouse were demonstrated by the long lead times required for every change. The company decided to move its complete data infrastructure, which had previously been hosted on-premises, to the cloud. The new architecture had to provide faster access to data, improved availability, and greater flexibility. Read More
About Customer	The customer is one of the oldest and largest reinsurers in the world. The company has offices in more than 25 countries and is one of the Forbes 2000 Global leading companies 2020. The company provides reliable service and support to large insurance companies. Every day, the company’s risk management department needs to be able to account for all applicable risks and calculate potential losses using complex simulations of damage-causing events. The company's risk management department covers the life insurance, property insurance, and investment lines of business. Read More
Solution	The company’s first step was to switch to a data vault model and set up a metadata management system to enable the automation of processes. The next step was to implement a data virtualization solution to improve the ease of data access, and for this, the company selected the Denodo Platform, which it had already successfully employed in the property insurance department. After a short test phase with a proof-of-concept, it was clear to the insurance company that the Denodo Platform should also play a key role in the new architecture for risk management. The Denodo Platform accelerated development and delivered initial results within a very short time. It was able to integrate new data sources within a few minutes, enabling faster feedback loops. Read More Log in to view content
Contents

Technology Category

Infrastructure as a Service (IaaS) - Cloud Computing

Platform as a Service (PaaS) - Data Management Platforms

Applicable Functions

Business Operation

Use Cases

Regulatory Compliance Monitoring

Services

Cloud Planning, Design & Implementation Services

Challenge

The risk management department of the reinsurance giant struggled with an increasing number of regulatory requirements, which was reflected in longer lead times and lower customer satisfaction. The department needed a holistic view across all sub-areas of risk in the life insurance, property insurance, and investment lines of business. Over time, the company's traditional data warehouse architecture began to face challenges, particularly in handling the high frequency of new regulatory requirements. The limitations of the company's data warehouse were demonstrated by the long lead times required for every change. The company decided to move its complete data infrastructure, which had previously been hosted on-premises, to the cloud. The new architecture had to provide faster access to data, improved availability, and greater flexibility.

About Customer

The customer is one of the oldest and largest reinsurers in the world. The company has offices in more than 25 countries and is one of the Forbes 2000 Global leading companies 2020. The company provides reliable service and support to large insurance companies. Every day, the company’s risk management department needs to be able to account for all applicable risks and calculate potential losses using complex simulations of damage-causing events. The company's risk management department covers the life insurance, property insurance, and investment lines of business.

Solution

The company’s first step was to switch to a data vault model and set up a metadata management system to enable the automation of processes. The next step was to implement a data virtualization solution to improve the ease of data access, and for this, the company selected the Denodo Platform, which it had already successfully employed in the property insurance department. After a short test phase with a proof-of-concept, it was clear to the insurance company that the Denodo Platform should also play a key role in the new architecture for risk management. The Denodo Platform accelerated development and delivered initial results within a very short time. It was able to integrate new data sources within a few minutes, enabling faster feedback loops.

Impact #1	The Denodo Platform's data virtualization layer means that the company's user interfaces always remain stable, even if data sources are subsequently changed, or if changes are being made in the backend, on the storage side.
Impact #2	The complexity of the underlying technologies remains hidden from users, and the conversion of the architecture and the migration to the cloud can continue in the background without disrupting user productivity.

Impact #1

The Denodo Platform's data virtualization layer means that the company's user interfaces always remain stable, even if data sources are subsequently changed, or if changes are being made in the backend, on the storage side.

Impact #2

The complexity of the underlying technologies remains hidden from users, and the conversion of the architecture and the migration to the cloud can continue in the background without disrupting user productivity.

Benefit #1	The processing time of user inquiries has been reduced from an average of two to three weeks to a few hours.
Benefit #2	The system now supports a continuous, controlled release with changes 10 times a day, if necessary.

Benefit #1

The processing time of user inquiries has been reduced from an average of two to three weeks to a few hours.

Benefit #2

The system now supports a continuous, controlled release with changes 10 times a day, if necessary.

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Overview

A Swiss Reinsurance Firm Leveraged the Denodo Platform to Launch New Products

Operational Impact

Quantitative Benefit