Customer Case Generali
Generali Employee Benefits (GEB) is an integrated network that offers services for employees of multinational companies. Services such as protection, life and health coverage and pension plans for both local and expat employees.
Industry: Healthcare & Insurances
Primary project location: Luxembourg
Insurance DWH Modernization for new IFRS 17 Standard
Agiliz collaborated with GEB in 2016 and has since then been their trusted data management and main technology advisor. The aim is to continuously conceptualize and develop innovative digital solutions and create new business opportunities.
IFRS 17 is the newest IFRS standard for insurance contracts. For GEB, the receiving, preserving and delivering of insurance data was in need of an automated approach (previously done manually) to produce financial flows for actuarial systems.
After designing a new data model for migrating and storing all the existing data using Google BigQuery, an additional data flow was added, enabling the incorporation of new data streams. Agiliz created an automated data flow to facilitate this. Separate environments were set up so every business unit could only access their own data in a GDPR compliant manner.
What used to be a manual task is now an automated data flow enabling GEB to deliver accurate data insights to their clients in a GDPR compliant manner.