DXC’s Assure platform offers a framework that includes data management and security measures, aligning with the standards of Allianz. Credit: Marlon Trottmann/Shutterstock.

Philippines life insurer Allianz PNB Life has implemented DXC Technology’s cloud-based solution to issue insurance policies in as little as five minutes. 

The Assure Integral solution from DXC also allows the life insurer to expedite the launch of new insurance products to market by 30%. 

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DXC engineers integrated 12 different systems at Allianz PNB Life within a six-month period, helping to transform the insurer’s operations with a secure, cloud-based solution. 

The software is built on DXC Assure Cloud, powered by Amazon Web Services (AWS), and is designed to expedite the introduction of new products and to issue policies rapidly. 

DXC’s Assure platform offers a framework that includes data management and security measures, aligning with the standards of Allianz.  

Allianz Asia-Pacific regional chief operating officer Teh Kim Leng said: “This six-month project set an internal record at Allianz PNB Life for a core system implementation that was both on time and on budget.  

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“We are already experiencing increased service levels and customers are receiving policy contracts within minutes, instead of days. While speed is important, we are also committed to ensuring our customers’ data is safe and secure, and DXC is our trusted partner in doing just that.”    

Allianz PNB Life, a subsidiary of the global Allianz Group, provides variable life products and life protection services. 

DXC Technology has more than one billion policies on its platform, and 10% of the world’s premiums are processed on its systems. The company currently serves 21 out of 25 of the world’s leading insurance companies.