The enterprise worth of cloud computing for insurance coverage is quick turning into evident. Using the breadth and depth of Amazon Web Services (AWS) Cloud capabilities, together with storage, compute, and information analytics, Max Life Insurance just lately automated the issuance of recent insurance coverage insurance policies, enabling clients to purchase insurance coverage in as little as half-hour. India’s largest personal life insurer has chosen AWS as its cloud supplier as a part of its journey to develop into a digital life insurance coverage firm.
Max Life’s digital transformation has positively affected buyer loyalty and agent productiveness. Agent productiveness has elevated by 40%. In addition, development in Max Life’s cloud footprint from 18% to 40% has helped enhance the corporate’s infrastructure resiliency, which may now simply help enterprise spikes, resembling throughout new insurance coverage product launches. With AWS, Max Life clients get a swifter, frictionless insurance coverage expertise, with digital providers like on-line premium fee choices being made accessible.
Manu Lavanya, director and COO at Max Life mentioned, “The life insurance industry is going through a significant digital transformation driven by the need for business to be extremely agile and flexible. By adopting AWS, Max Life has created modern, future-ready digital infrastructure to support this transformation.”
Indian clients more and more work together with corporations by way of digital channels, they usually anticipate quicker and extra personalised providers, like automated claims and disbursals. To meet this demand, Max Life makes use of AWS Lambda, a server-less compute service, and Amazon Elastic Compute Cloud (Amazon EC2), which offers safe, resizable compute capability within the cloud to mechanically scale workflows and help clients throughout peak durations. Using Amazon Simple Storage Service (Amazon S3), an object storage service, Max Life has constructed an information lake that centrally shops the corporate’s structured and unstructured information at scale.
Max Life is utilizing the broad suite of AWS providers to make insurance coverage extra clever and customer-centric. In layman’s phrases, due to trendy know-how, it’s making insurance coverage merchandise easy and straightforward to purchase.
Source: www.financialexpress.com”