dcsimg
 
 

Helvetia Insurance Base Case

By Jill Gambon  |  Posted 2006-11-06 Print this article Print
 
 
 
 
 

The Swiss insurer adopted service-oriented architecture to help integrate its acquisitions in five other countries.

Helvetia Insurance Base Case Headquarters: Dufourstrasse 40, CH-90001 St. Gallen, Switzerland
Phone: 41 71 493 51 11
Business: Individual and group life, property and casualty insurance, reinsurance and private pension plans. Its customer base is mainly private individuals and small and midsize businesses.
CEO: Erich Walser
CEO, eCenter Solutions subsidiary: Didier Beck
Financials in 2005: The company generated $3.9 billion in
premiums, up 6.5% over 2004, and profits of $232 million, up 35.6% over 2004.
Challenge: Lower costs, streamline operations and position
the company for growth by leveraging service-oriented architecture technology to improve collaboration between subsidiaries in six countries, external partners such as banks, and customers.

BASELINE GOALS:

  • Grow the value of premiums written annually, with an increase from $3.45 billion in 2000 to $3.9 billion in 2005.
  • Reduce time-to-market cycle for new insurance products, in some cases from 8 months to 2, by using SOA's software-component development and reuse features and Web distribution.
  • Achieve sustained profitability. It grew profits from $127.8 million in 2000 to $232 million in 2005, a company record.


  • <123
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     

    Submit a Comment

    Loading Comments...
    eWeek eWeek

    Have the latest technology news and resources emailed to you everyday.

    By submitting your information, you agree that baselinemag.com may send you Baselinemag offers via email, phone and text message, as well as email offers about other products and services that Baselinemag believes may be of interest to you. Baselinemag will process your information in accordance with the Quinstreet Privacy Policy.

    Click for a full list of Newsletterssubmit