Technology Category
- Application Infrastructure & Middleware - Data Exchange & Integration
- Application Infrastructure & Middleware - Middleware, SDKs & Libraries
Applicable Industries
- Finance & Insurance
- Glass
Applicable Functions
- Maintenance
Use Cases
- Inventory Management
- Usage-Based Insurance
Services
- System Integration
About The Customer
AXA Cooperative Insurance is one of the largest insurance providers in Saudi Arabia, offering policies covering health, life, homes, cars, accidents, and travel. The company, headquartered in Riyadh, has 370 employees across 16 branches and generated a revenue of $377 million in 2020. AXA Cooperative Insurance is a subsidiary of AXA Group, a French insurance conglomerate with a presence in 65 countries on six continents. Since its launch in 2008, the company has experienced rapid growth, thanks to its cost-competitive policies and unmatched customer service.
The Challenge
AXA Cooperative Insurance, a subsidiary of AXA Group and one of the largest insurance providers in Saudi Arabia, faced several challenges. The company was dealing with an ambitious back-end transformation, growing demands from regulators, an increasingly competitive insurance marketplace, and a legacy integration system in need of modernization. The company's success was increasingly tied to its ability to harness data to instantly generate quotes for new customers and keep on top of ever-stringent regulations. However, its IT systems were not up to the task. The complex and ever-growing application landscape was barely held together by a web of rigid point-to-point connections. Legacy applications frequently went down due to lack of maintenance, and new ones lacked the ability to share data with industry partners in a secure, efficient manner. Furthermore, AXA’s data wasn’t even stored inside the country, instead, it was scattered across servers in Dubai, Spain, and France.
The Solution
In response to these challenges, AXA Cooperative began planning for a full back-end transformation, which would migrate its data servers to the Kingdom and enable it to assume greater IT autonomy from its AXA Group parent. The company decided to implement a modern, API-led integration platform to ensure the fluid flow of data to regulators, brokers, and customers, and position the company for continued growth into the future. After surveying the competition, they chose webMethods from Software AG. The choice of webMethods was based on the platform’s unmatched capabilities, and Software AG’s track record of excellence. The platform's easy scalability, mapping capabilities, and the speed of the platform’s Universal Messaging were particularly appealing. Most critical of all, webMethods API Gateway, the industry-leading API management solution, meant creating APIs, and exposing them to external partners, would be remarkably fast, secure, and simple.
Operational Impact
Quantitative Benefit
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