ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

HPE Accelerates AG Digital Transformation and Business Outcomes with Cloud-Ready and Data-Driven Solution

AG Belgium life and non-life insurer selects HPE to support its move toward becoming a data-driven organization to accelerate business outcomes, acquire new talents and reduce TCO.

Hewlett Packard Enterprise (NYSE: HPE) today announced that leading Belgium insurance provider AG has selected HPE to design, develop, implement and migrate all of AG’s applications onto a more cost-efficient and flexible open systems solution to replace its historical and aging mainframe. The new standardized infrastructure, built on HPE Synergy and HPE Primera, combined with HPE’s application migration services allowed AG to maintain high level performances, reduce operating cost by 75% and increase agility to support emerging API-based developments.

AG is the largest Belgian insurance company that insures about three million policy holders, individuals, companies and self-employed persons. The insurance industry relies heavily on back-end infrastructure and critical data to ensure the offered services are resilient, highly available and always on. Latency and downtime on insurance transactions have an immediate impact on the customer experience.

Until recently, AG operated on mainframe technology. This large central computer was used by applications requiring high volumes of data processing and critical availability at the cost of less flexibility and expensive maintenance from specially qualified profiles. AG needed a flexible and efficient solution to support its digital transformation into a better-optimized, automated and data-driven insurance.

“Working with HPE has enabled us to move away from a traditional centralized IT to a modern de-centralized and cloud-ready architecture for a fraction of the cost,” said Philippe Van Belle, Chief Information & Technology Officer at AG. “We feel confident that this modern solution will help attract new talent and put AG in a more competitive position in the long term to develop competitive, data-driven and API-based solutions while reducing time to market.”

More than 25 employees from HPE Advisory & Professional Services together with AG and their partners MicroFocus, the technology provider and Capgemini, the test services provider, worked together for three years to deliver the seamless migration of customized insurance applications that cover life, health, auto and homeowners spread across more than 80 million lines of code and 100 TB of data running on Cobol1 programming language.

“I am thrilled to know the HPE solution will allow AG to achieve significant cost savings and power platform modernization,” said Stephane Lahaye, Managing Director, HPE Belgium. “Moving from a mainframe-centric to a cloud-ready decentralized approach is a leap that will unleash AG flexibility while accelerating digital transformation.”

About AG

With a share (end 2021) of 29,5% in the Life insurance market and 16.7% in Non-life, AG is the undisputed leader in the Belgian insurance market. To better tailor its offer to fulfil different customer needs, AG has a multi-channel distribution strategy that includes independent brokers and Fintro agents, bank branches (BNP Paribas Fortis, bpost bank) and collaboration with large corporate clients and sectors for their group insurance. AG employs over 4,000 specialised staff members. More information on www.ag.be

About Hewlett Packard Enterprise

Hewlett Packard Enterprise (NYSE: HPE) is the global edge-to-cloud company that helps organizations accelerate outcomes by unlocking value from all of their data, everywhere. Built on decades of reimagining the future and innovating to advance the way people live and work, HPE delivers unique, open and intelligent technology solutions as a service. With offerings spanning Cloud Services, Workload Migration, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage, HPE provides a consistent experience across all clouds and edges, helping customers develop new business models, engage in new ways, and increase operational performance. For more information, visit: www.hpe.com

1 COBOL (common business-oriented language) is a compiled English-like computer programming language designed for business use in 1959 by CODASYL and was partly based on the programming language FLOW-MATIC designed by Grace Hopper. https://en.wikipedia.org/wiki/COBOL

Contacts

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.