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Case Study

Transforming the development, management and maintenance of critical data assets

GLOBAL REINSURANCE SOLUTIONS COMPANY

Transforming the development, management and maintenance of critical data assets

Projects

GLOBAL REINSURANCE SOLUTIONS COMPANY

Published

13 Jan 2024

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Headquartered in France, SCOR is a global reinsurance company proving Property & Casualty (P&C) and Life reinsurance solutions to its clients. Being one of the leading reinsurers in the world, it has a geographical footprint in 160 countries, employing more than 3,000 employees in its offices. One of the most important issues facing reinsurers is data-related regulatory compliance risks. Through the development, management and maintenance of critical data assets, the project objectives were to improve database performance, enhance data security and integrity, as well as to effectively meet regulatory compliance requirements.

Key Challenges

  • Challenges in legacy database system to meet the changing needs of the business
  • Lack of scalable database solutions to handle the increased data loads and user demands
  • Improve data security and privacy to meet the regulatory needs of governing bodies
  • Improve query execution time and other bottlenecks impacting their applications

Our Solution & Strategies

  • Defined and developed a data migration plan ensure a smooth transition with minimal disruption
  • Conducted data compatibility checks and schema restructuring to align the legacy data with system requirements
  • Implemented a database scaling solution, utilising SQL Server’s scalability features and Azure SQL Database

Impact & Results

  • Improved data accuracy with an extremely low margin of error – SCOR can rely on data-driven insights to make informed key decisions
  • With Improved data access speeds, key decision makers can rapidly respond to customer needs and market requirements
  • Fewer security incidents reduces the risk of data breaches and the associated costs and reputational damage

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