With AWS as its preferred cloud provider,
global insurance leader will use AWS capabilities and the AWS
Europe (Zurich) Region to speed innovation and meet regulatory and
security requirements
Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:
AMZN), today announced that Zurich Insurance Group (Zurich), a
leading multi-line insurer providing property, casualty, and life
insurance solutions globally, is moving its enterprise information
technology (IT) infrastructure to AWS. Zurich will use AWS’s
reliable global infrastructure, advanced analytics, and machine
learning technologies to deliver new digital customer experiences
and drive automation at scale, in support of its worldwide digital
strategy. As part of the multiyear strategic collaboration, Zurich
will move 1,000 applications to AWS by 2025, including core
insurance and SAP workloads.
Zurich will move its critical applications to AWS, simplifying,
modernizing, and automating the company’s infrastructure. This
approach will provide flexible and scalable application
environments, enabling agile product development. Using Amazon
Relational Database Service (Amazon RDS), Amazon Aurora (AWS’s
fully managed MySQL and PostgreSQL-compatible relational database
built for the cloud), and AWS App Runner (AWS’s service to quickly
deploy containerized web applications and APIs), Zurich will
develop and bring new products to market quicker, saving
approximately $30 million a year. As a result, Zurich can focus on
innovation and new customer experiences, reinvesting valuable
resources into new business opportunities, recruitment, and
acquisition strategies. By embracing cloud technologies, Zurich
will also be able to streamline and optimize its core business
processes and better prepare for new reporting requirements in
2023, including alignment with international financial reporting
standards—IFRS 9 and IFRS 17.
Zurich will use RISE with SAP on AWS, a fully managed offering
that combines SAP’s solution and implementation experience with
AWS' experience in helping customers transform their SAP landscapes
on the cloud. By migrating its SAP environment to AWS, Zurich will
create a modern, cloud-based system connecting data across its
entire business. The SAP workloads migration will consist of 20
landscapes, a collection of servers for a specific workload,
including more than 100 individual systems such as human resources
(HR) and finance. AWS’s extensive SAP experience will allow Zurich
to increase the performance of its SAP applications and integrate
its data with advanced analytics and machine learning services to
gain predictive capabilities and enterprise-wide reporting.
Zurich works with AWS Skills Guild, a comprehensive skills
enablement program that helps organizations accelerate cloud
outcomes by creating excitement, increasing employee engagement,
and nurturing a culture of learning. The insurance provider has
already trained more than 400 employees, with plans to further grow
the program. Zurich offers skills development opportunities to help
attract and train new employee talent, and accelerate cloud
adoption across the company.
“We want to help our retail customers lead safer and healthier
lives, and bring our business customers peace of mind, by using the
power of digital technologies to meet their evolving needs,” said
Zurich’s Ericson Chan, Group Chief Information and Digital Officer.
“Working with AWS will transform the way we bring solutions to
market and enable us to make the most accurate and up-to-date
insights available to our customers. We look forward to using the
new AWS Region in Switzerland to support our regulatory reporting
requirements.”
“Zurich’s focus on customers and innovation over the last 150
years is why it remains a leading insurer for more than 55 million
people and businesses around the world. Moving their most critical
business applications to AWS allows Zurich to put data at the heart
of its business to automate processes, increase efficiency, and
improve customer responsiveness,” said Matt Garman, senior vice
president of Sales, Marketing, and Global Services at Amazon Web
Services. “Combining Zurich’s financial expertise with AWS’s broad
functionality will help the insurer continue to evolve its business
to anticipate customer needs, and provide more personalized
insurance products.”
About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most
comprehensive and broadly adopted cloud. AWS has been continually
expanding its services to support virtually any workload, and it
now has more than 200 fully featured services for compute, storage,
databases, networking, analytics, machine learning and artificial
intelligence (AI), Internet of Things (IoT), mobile, security,
hybrid, virtual and augmented reality (VR and AR), media, and
application development, deployment, and management from 99
Availability Zones within 31 geographic regions, with announced
plans for 12 more Availability Zones and four more AWS Regions in
Canada, Israel, New Zealand, and Thailand. Millions of
customers—including the fastest-growing startups, largest
enterprises, and leading government agencies—trust AWS to power
their infrastructure, become more agile, and lower costs. To learn
more about AWS, visit aws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather
than competitor focus, passion for invention, commitment to
operational excellence, and long-term thinking. Amazon strives to
be Earth’s Most Customer-Centric Company, Earth’s Best Employer,
and Earth’s Safest Place to Work. Customer reviews, 1-Click
shopping, personalized recommendations, Prime, Fulfillment by
Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire
tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology,
Amazon Studios, and The Climate Pledge are some of the things
pioneered by Amazon. For more information, visit amazon.com/about
and follow @AmazonNews.
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