Background and Business Challenge
One of a large mutual life insurance company in the United States is looking to modernize their existing policy administration systems. In order to address significant IT risks such as network security, technical debt, etc., posed by the aging policy administration systems (PAS) for Institutional Annuities (IA) as they approach end-of-life, and to support business growth, the client has conducted the due diligence and research with industry analysts and other insurers to modernize the current system to a vendor-bought product. Being a trusted partner, client engaged Trianz to develop the key integration components and its deployment.
Trianz Approach
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Trianz performed the due diligence focused on assessing the client’s existing AWS blueprint and established the foundational architecture for Integration between multiple systems.
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Trianz conducted a POC followed by the development of the Integration components.
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The integration architecture layer is designed to be vendor-agnostic and reusable.
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The design was based on client-approved AWS services with recommendations from the Cloud Governance team.
Technology Components
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AWS VPC
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RDS.
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Glue
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S3
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Lambda
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Cloud Watch
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Code Build
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KMS
Transformational Effects
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The new platform allows to offer additional business capabilities via configurable workflow, a self-service portal, enhanced correspondence, and reporting layer.
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Established seamless connectivity between systems to facilitate smooth business transactions. Enabled the operations with clear dashboards and Logging mechanism.
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Eliminated the IT risk and significantly simplified the technology ecosystem with a cloud-based vendor-supported platform, and integration architecture layer.
Published: 2023-03-15
