FinTech Magazine - March 2022 | Page 70

COVEA INSURANCE

What

' s the secret to successful Digital Transformation ?

“ I think it ' s really important that the insurance offerings meet the needs and desires of customer . It ' s not necessarily about the cost of product ”

GRAEME HOWARD CHIEF INFORMATION TECHNOLOGY OFFICER , COVEA INSURANCE transformation here is so meaningful . Covea Insurance is a young , dynamic and large business with a heritage behind it , as well as the flexibility and evolution of its offering , fit for the digital age .
Fostering innovation in insurance technology Covea Insurance ’ s test and learn approach especially applies to the tech side of things , which helps foster innovation and allows Howard the autonomy to choose partners like Camunda and Dell .
The company has created a new micro services , event driven policy administration platform to support the new Vitality Car insurance product . This platform was created in partnership with Vitality and also utilising some of the insurtech Iotatech components . That launched in June and a further enhancements to the platform are now in the works .
70 March 2022