How Helvetia Insurance Uses SOA To Boost Profits - ' Helvetia Insurance Base Case '

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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.

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