A Swiss Reinsurance Firm Leveraged the Denodo Platform to Launch New Products
公司规模
1,000+
地区
- Europe
国家
- Switzerland
产品
- Denodo Platform
技术栈
- Oracle
- Data Vault
- Cloud Computing
实施规模
- Enterprise-wide Deployment
影响指标
- Customer Satisfaction
- Productivity Improvements
技术
- 基础设施即服务 (IaaS) - 云计算
- 平台即服务 (PaaS) - 数据管理平台
适用功能
- 商业运营
用例
- 监管合规监控
服务
- 云规划/设计/实施服务
关于客户
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.
挑战
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.
解决方案
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.
运营影响
数量效益
Case Study missing?
Start adding your own!
Register with your work email and create a new case study profile for your business.
相关案例.
Case Study
Remote Monitoring for Environmental Compliance
Emerson wanted to provide a connected environmental analyzer to their customers. They wanted to leverage IoT technologies to provide a software solution that was easy to use, real-time and centralized. Compliance with pollution control board guidelines and the ability to remotely calibrate and troubleshoot these devices was the primary objective. Requirements - Centralized Remote Monitoring. - IoT Based Smart Environmental Analyzers. - Remote Calibration and Troubleshooting. - User Friendly Application. - Reporting & Dashboards. - Compliance with pollution control board guidelines.
Case Study
ELI LILLY ADOPTS MICROMEDIA’S ALERT NOTIFICATION SYSTEM
Pharmaceutical production is subject to a strict set of enforced rules that must be adhered to and compliance to these standards is critically necessary. Due to the efforts of WIN 911’s strategic partner Micromedia, Lilly was able to adopt an alarm notification infrastructure that integrated smoothly with their existing workflows and emergency hardware and protocols. These raw energy sources enable the industrial process to function: electricity, WIN-911 Software | 4020 South Industrial Drive, Suite 120 | Austin, TX 78744 USA industrial steam, iced water, air mixtures of varying quality. Refrigeration towers, boilers and wastewater are monitored by ALERT. Eli Lilly identified 15000 potential variables, but limitations compelled them to chisel the variable list down to 300. This allowed all major alarms to be covered including pressure, discharge, quantity of waste water discharged,temperature, carbon dioxide content, oxygen & sulphur content, and the water’s pH.
Case Study
IoT Solutions Give Commercial Fishing Real-time insights
Technology to support vessels in the commercial fishing industry had not changed significantly since the advent of radar. Over the past 40 years commercial fishing in the United States has continued to be one of the most active, yet regulated industries. The combination of federal regulations and lack of technology created an opportunity for Faria Watchdog to go-to-market with a solution.
Case Study
Digital Transformation of FOSIS through AuraQuantic Platform
The Solidarity and Social Investment Fund (FOSIS), a service of the Chilean Government, was faced with the challenge of standardizing its administrative processes to comply with the new regulatory framework established by the Law of Digital Transformation of the State (LTDE). The LTDE focuses on updating administrative procedures and document management in public administration through digital transformation. It also mandates that all communication related to administrative procedures between different public bodies must be carried out electronically. FOSIS had been using the AuraQuantic platform for over 14 years to automate different internal processes. However, with the introduction of the new LTDE framework, the institution needed to launch an ambitious project to align with the new regulations.
Case Study
Big risks requires big data thinking: helping clients target and prevent fraud
EY's clients are increasingly seeking growth in markets with higher perceived levels of fraud, bribery, and corruption risk. Regulators and law enforcement bodies are intensifying their activities, leading to significant corporate investment in employee training, policy development, and internal audit procedures designed to raise awareness of anti-fraud or anti-corruption policies. Many companies have also increased the use of more sophisticated, proactive uses of forensic data analytics (FDA) capabilities designed to prevent and detect areas of fraud, waste, and abuse. However, traditional rules-based tests and spreadsheet tools are not effective in managing these risks. EY needed a solution that could help them get ahead of the curve and squash potential threats before they escalate.
Case Study
Fresenius Medical Care AG & Co. KGaA optimizes external financial reporting
Fresenius Medical Care wanted to optimize its reporting process, particularly in light of the increased demands made by regulatory authorities on external financial reporting. The preparation of financial reports in accordance with international accounting standards (IFRS and US-GAAP [Generally Accepted Account Principles]) as well as in different currencies (Euro and US dollars) is a very complex and expensive process. The legal importance and reputational value of these standardized quarterly and annual reports for listed companies require the financial reports to be of a consistently high quality. However, the requirements for the structure and content of these reports are constantly increasing, while the submission deadlines get tighter.
