Insurance innovation unleashed through CloudConnect

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The PwC and Amazon Web Services (AWS) Alliance is leading the way with a bundled solution offering that helps our clients define their strategy, accelerate their journey to the cloud, and execute on their business objectives flawlessly.

PWC is an APN Partner with AWS Financial Services Competency

AWS has featured PwC CloudConnect on their AWS Solution Space page.

Industry Trends

The Property and Casualty Insurance Industry is experiencing a period of rapid technological change and innovation. Driven by emerging technologies and customer demand for service excellence, carriers are facing mounting pressure to rapidly react to industry shifts and market opportunities in real time. Insurers that respond to these pressures are looking for accelerated and flexible options to take advantage of market opportunities to drive growth and expand into new lines of business. Insurance Carriers are now seeking expanded technology solutions (“Insurance-in-a-box” offerings) that enhance agility, improve scalability, and increase speed-to-market of new products.

Challenges

 Insurers are confronted with a number of challenges in today’s Property and Casualty environment:

  • Supporting growth, diversification, and innovation of new products
  • Rapidly acting on new market opportunities
  • Aging or outdated infrastructure
  • Staffing skilled positions due to talent shortages

Solution overview

PwC CloudConnect

PwC CloudConnect is designed to help insurers quickly grow new products and brands in a scalable and secure environment. Deployed on AWS and built on the industry-leading Guidewire platform, CloudConnect can accelerate your journey to the cloud. Optimize your organization's core, digital, data, and analytic capabilities. And increase your speed-to-market while reducing delivery risk using extensive pre-built digital analytics reporting and secure-by-design controls on a ready-made security platform. From start to finish, CloudConnect can help your organization optimize and recognize the value from your transformation.

PwC on AWS

PwC CloudConnect on AWS is designed as a managed service. This platform as a service (PaaS) offering removes the underlying hassle of all IT infrastructure management such as IT resource procurement, capacity planning, software maintenance, and patching.

Financial Services Partner Solutions

Discover scalable and secure Financial Services solutions that will empower you to achieve your business needs with Amazon Web Services (AWS). Customer ready solutions are based on architectures validated by AWS, include a combination of AWS services technologies, can be deployed quickly with solution accelerators to accelerate your cloud transformation.

Benefits

The success of a solid cloud foundation is dependent on addressing business needs through the proper build out and cloud configuration. CloudConnect helps insurers with benefits and capabilities such as:

Decrease time-to-market and accelerate development and deployment of new products.

Rapidly explore new markets and products with the ability to scale up or down based on demand/performance.

Readily available source code for common Vendor Integrations, pre-configured reports, robust customer experience journeys, next-gen microservices, and industry leading architecture blueprints.

Minimal Viable Cloud (MVC) offers a quick start capability to help organizations build out new offerings in 6-8 weeks.

How it works

PwC offers a hassle-free solution for customers to deploy their CloudConnect as a managed service on AWS. PwC CloudConnect is run and managed by a team of skilled PwC Professionals which alleviates all infrastructure maintenance and management ownership from the customer. The PwC managed services team owns responsibility for all capacity planning, software maintenance, and patching involved in operating CloudConnect, which in turn allows the customer to focus on their core competencies. All CloudConnect deployments include Development, Testing, Pre-Production, and Production environments.

Contact us

Imran Ilyas

Imran Ilyas

Partner, Global & US Guidewire Alliance Leader and US Guidewire Practice Leader, PwC US

Gerard  Verweij

Gerard Verweij

Partner, Global and US AWS Alliance Leader, PwC US

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