American Modern Insurance Adopts Oracle Exadata
REDWOOD SHORES, CALIF: Companies in the insurance industry must be able to process vast amounts of data efficiently, and with less cost. Therefore to address these challenges, American Modern Insurance Group, a provider of insurance coverage has deployed Oracle Exadata Database Machine to enhance the performance of its new claims system, reports Infotech Lead.
Oracle Exadata Database Machine consolidates and maintains high availability at a reduced cost. American Modern Insurance Group, serving 1.7 million policyholders, deployed this database to address the challenges of high competition and soaring IT budgets. To support the ‘new claims management system’ AMIG has employed the Oracle’s database from Guidewire Software.
“We aim to provide our customers benefit from the advanced functionality of flexible solutions that can support the entire insurance lifecycle. American Modern Insurance Group’s ClaimCenter implementation, together with the results they have achieved with Oracle Exadata Database Machine, is testament to the potential of these solutions,” said Chris Elsmore, vice president, Guidewire Software.
While using its claims processing infrastructure onto a single Oracle Exadata machine, American Modern Insurance Group has also been able to reduce its batch processing time from five hours to under one hour, while answering claim queries in less than one second.
"After beginning the transformation of our claims process with Guidewire, we quickly realized we needed an IT infrastructure solution that could support the system 24/7, while helping us reduce IT costs. The Oracle Exadata Database Machine has helped do that. With the new scalable platform, we can also ensure we’re able to support future growth,” said Kyle Eversole, senior database administrator, American Modern Insurance Group.
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