nib says it has successfully migrated the system of record for its corporate health insurance business, GU Health, to AWS Cloud.
The insurer said the migration, which was completed in September with AWS Partner Network (APN) partner CMD Solutions and the AWS Professional Services team, is one of the earliest of an insurance system of record to the cloud in Australia.
nib said the migration was made possible following extensive technical work and ongoing consultation with the Australian Prudential Regulation Authority (APRA).
APRA defines a system of record as a system that maintains information essential for an institution to determine its obligations to its customers and counterparties.
According to nib chief information officer, Brendan Mills, “We run a cloud-first approach on AWS, which helps us to create great member experiences, improve operational efficiencies, build greater resilience, and improve our security posture.
“Migrating our core insurance systems is a significant step forward in our cloud migration to AWS, which started only four years ago. We’ve built our maturity through this multi-year phased adoption by working with our partners and the regulator, and now are confident about safely running our most critical workloads on the platform without compromising our risk and security posture.”
Mr Mills said part of this process was developing a strong governance and compliance system that was reflective of the digital environment.
CMD Solutions CTO, Adam Durbin said getting a system of record migrated to nib’s AWS cloud platform shows the industry’s increased understanding of the cloud’s ability to offer a best in class security posture.
“At CMD we understand the need for customer data to be kept secure. The use of modern cloud architecture and security tooling ensures customer data is secure without compromising on agility,” said Mr Durbin.
“This project has required a high level of technical and regulatory detail to enable its success. It’s been a great achievement for nib and we’re really pleased to have been a part of the journey,” he added.
Paul Migliorini, the managing director for AWS in Australia and New Zealand, said the announcement shows continued trust from Australian organisations about the security and reliability of AWS to run their most critical applications in the cloud.
“nib’s migration of the system of record for its corporate health insurance business is a terrific milestone – they join a growing number of Australian organisations migrating to AWS because we offer customers the ability to move fast and stay secure in the cloud. AWS provides customers with the tools they need to ensure their content is secure so that they can innovate quickly.”