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Tech Series: Digital Disruption in Insurance

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Overview

An expert panel of industry leaders

Like many other industries, insurance was facing digital disruption, with new, digital-first players putting pressure on traditional insurance companies. In addition, technological advances around data analytics, artificial intelligence (AI), the Internet of Things (IoT), and blockchain posed adoption barriers as much as they were opportunities.


Covéa is a mid-sized, Tier 1 insurer with over 60 years of experience in the UK market.The challenge, when Graeme arrived, was the same challenge affecting most insurance providers, in that insurance hasnn’t really changed for a hundred years. There was extensive legacy hardware, software, and systems, as well as technical debt and siloed systems. This had to be addressed.


With the strategic aim of driving innovative technology forward, Covéa had to migrate to new technology platforms and create a new identity and culture to develop Covéa Digital as the technology-driven engine.


In this talk, Graeme took us through how they were changing the face of insurance through disruptive and innovative technology. He guided us through:


* Step-by-step process of how the company solved the legacy issues with microservices.

* How open source technology like Kafka, Seldon and Kubeflow (for data science), as well as Python and Camunda, helped them ensure the project’s success.

* How a hybrid cloud approach with AWS and Azure supported the migration of over 370 different legacy platforms and enabled scalability and increased software’s capability and capacity.


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Our speakers

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Graeme Howard

CTIO at Covéa Insurance

Graeme is responsible for leading and evolving Covéa Insurance’s technology transformation strategy and technology innovation, as well as driving improvements in delivery and services for the benefit of both their internal and external customers.

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