Global insurance and reinsurance company AXA completed the acquisition of Bermuda based XL Group Ltd, a leading global Property & Casualty commercial lines insurer and reinsurer, for $15.3 billion. AXA XL is now a subsidiary of AXA. It is co-headquartered in Hamilton, Bermuda, and Stamford, Connecticut, and has more than 100 offices on 6 continents.
“Leveraging Informatica, we’re making changes that are going to transform the company in ways that are not yet even envisioned. All the companies that comprise AXA XL have shared a history of leadership and trailblazing, and Informatica helps keep us at the forefront.”
Business Need
- Standardize on a single data management platform with integrated products
- Partner with a cloud data management leader for strong support and services
- Deploy big data infrastructure entirely in the cloud, feeding a- Microsoft Azure-based data lake
Challenges
- Reduce the complexity and cost of managing and cleansing big data across business units to gain insights into policyholder, broker, and product performance
- Democratize data discovery and preparation to allow data scientists, analysts, and actuaries to prepare and operationalize data for trusted insights
- Attain profitable growth by identifying cross-sell and upsell opportunities for brokers and partners to sell more insurance products to existing customer base
Solutions & Results
- Use Informatica Data Engineering Integration and Informatica Data Engineering Quality to integrate, govern, and cleanse data from on-premises and cloud sources
- Enable data scientists, actuaries, and analysts to prepare data for analysis via self-service using Informatica Enterprise Data Preparation
- Helps increase shareholder value by enabling complex activities such as cross-selling and upselling of insurance policies through brokers and managing general agents
- Scan and catalog insured and policy data across the enterprise using Informatica Enterprise Data Catalog, making data actionable and easy to find
- Simplifies advanced analytics with a Data Ecosystem & Engagement Platform (DEEP), helping AXA XL build innovative data assets faster and at a lower cost
- Allows for faster, deeper insights to support new policy introductions while improving investment returns and lowering expense ratios
