Posted by (News from the American Life Insurance Guide Network 11/18/2019)Allianz Group(Allianz SE) and Microsoft Group (Microsoft Corp) announced on the 14th that they have reached a strategic partnership. They will focus on using digitalization to innovate the insurance industry and create a better insurance and insurance processing experience for consumers and insurance companies.
Microsoft Global Sales Chairman, Head of Marketing Department: Jean-Philippe Courtois (left), and Christof Mascher, CFO of Allianz (right)
The marriage of the two giants in the insurance industry
According to 2019 Forbes data,Allianz Group(Allianz) is the largest insurance company in the world,The total assets are US$1 billion.AllianzThe group is one of the 50 largest companies in the world and one of the top 3 fund management groups in the world.
微软集团是美国一家跨国电脑科技公司，是美国《财富》杂志2015年评选的世界500强企业排行榜中的第95名，2019年微软综合市值首次突破1兆美金。
According to the strategic cooperation agreement, Allianz Group (Allianz) Will migrate the group’s global insurance business platform (ABS) to Microsoft’s Azure cloud service.At the same time, it will also open source some of the group's core solutions to expand business capabilities.
Digital service solutions from brokers to insurance companies
Microsoft will andAllianzSyncier, an insurance technology company under the group, worked to create thisInsurance platform.Allianz Group stated that the purpose of the platform is to help consumers reduce costs, centralize the management of policy assets, and improve allInsurance ProductsThe efficiency of the line.
Syncier's ABS corporate version can handle all insurance fields, and can customize business according to the regulatory conditions of different countries and the needs of different insurance companies.
AllianzAccording to the group, the insurance company,Insurance agency and insurance brokerThrough this set of services, we can provide customers with one-stop asset management services.
"Through this cooperation,Allianz And Syncier will be committed to providing the most advanced insurance solutions based on the Microsoft Azure cloud platform," said Christoph Marsh, CFO of Allianz Group, "The ABS Enterprise Edition is an exciting opportunity , It can not only help large insurance companies to replace the old IT foundation, but also help small market participants-such as insurtech companies-to find an insurance platform that can be expanded. "
AllianzThe group uses the ABS platform to conduct business globally.At present, the ABS platform has processed nearly 19 million insurance policies in 6000 countries and regions, and has been fully promoted to Allianz Group's various business areas.
(Reported by the editor of American Life Insurance Guide Network)
