IZO^TM Managed Cloud Service forms a fortress for Next-Generation Global Insurance Platform

Priding itself on being different by design, elseco has a reputation for pioneering market risk analysis and sophisticated made-for-purpose underwriting products for the Space, Aviation and Energy sectors. Headquartered in the Dubai International Finance Centre and regulated by the Dubai Financial Services Authority, elseco also has regulated offices in London, Paris and Washington DC. As a managing general agent, elseco is supported by 74 global insurance and reinsurance companies including Lloyd’s of London syndicates.

BUSINESS CHALLENGE

elseco built the ATOM insurtech next-generation technology platform with SAP as co-innovation partner, using a custom-designed version of the SAP Core Insurance Suite, integrated with SAP S4/HANA ERP software and SAP HANA in-memory database technology. It needed the cloud’s agility and cost benefits.

SOLUTION AND BENEFITS

A hybrid IZO^TM Managed Cloud Service from Tata Communications was chosen. Designed as a high availability environment, a Tata Communications cloud node in Germany forms the production facility supported by a disaster recovery site in a second Tata Communications cloud node in the UK.