70 billion rows of data, 700 IT assets, and
over 200 business applications successfully moved in one of world's
most ambitious data center migrations
Supports transformation to a better, faster
and cheaper London insurance
marketplace
LONDON, May 4, 2023 /PRNewswire/ -- DXC
Technology (NYSE: DXC), a leading Fortune 500 global
technology services provider, working closely with the London
Market Joint Ventures (XIS and XCS), has successfully completed a
major data center migration, a key milestone in the multi-year
transformation of the world's largest insurance market.
An important step in the insurance market's journey to the
cloud, the data center migration will enhance resilience,
security, and agility, while laying the foundations for further
digital transformation and continuous improvement.
This major undertaking required critical input and coordination
from several major organizations in the insurance world including
Lloyd's of London, the
International Underwriting Association (IUA), the Lloyd's Market
Association (LMA) and the London
& International Insurance Brokers Association (LIIBA).
Over the course of a single weekend in February, DXC moved over
70 billion rows of data, 700 IT assets, over 200 mission-critical
business applications, and multiple database types onto a
simplified and more advanced on-prem enterprise data center
solution. A period of 'hypercare' was successfully completed at the
end of April, signaling the completion of the migration phase.
Over 500 global engineers and an extensive technology partner
network collaborated on the migration, spanning three
mission-critical environments: production, disaster recovery, and
test service.
As the world's largest insurance center, the London insurance market represents 7.6%
of the global commercial (re)insurance market, employs 47,000
people across the UK, and makes up almost a quarter of the
City of London's GDP.
"Completing the data centre migration has been an important
confidence builder for the market and puts the technology stack on
a much more resilient and better performing cloud-based
infrastructure," said Bob James,
Chief Operations Officer, Lloyd's. "This, along with the delivery
of two of the five sequences in the Blueprint Two plan moves us
forward to a better, faster, and cheaper way of doing business in
the Lloyd's and London insurance
market."
"DXC is the trusted technology partner to the London insurance market, transforming it from
a largely paper-based, analogue set of processes to a marketplace
that is digital, efficient and data-first. By completing this major
milestone, we are taking an important step in the market's digital
transformation as part of our wider engagement with the Lloyd's
Blueprint Two program," said Chris Halbard, CEO of the London
Market Joint Ventures.
"This complex program is the culmination of years of extensive
planning between DXC, the Joint Ventures, representatives from
market associations including the LMA and LIIBA, and our customers.
In our estimation, this is one of the most ambitious data center
migrations in the world, and it's a testament to the expertise of
the teams that it has been completed successfully," said
Andy Evans, Delivery Director, DXC
Technology.
Comprising shareholdings of DXC, the International Underwriting
Association and Lloyd's, the Joint Ventures have been providing
Business Process Services (BPS) to the London insurance market for over 20
years, managing over 3.7M premium and
claims submissions, and handling over 200M messages annually.
Additional quotes
"The scale of this data migration is extraordinary and has
required intensive collaboration between DXC, the Joint Ventures,
and the companies of the London
insurance market," said Louise Day,
Director of Operations, International Underwriting Association.
"This was a hugely important project led by DXC and Joint
Venture teams. Meticulous planning, delivery execution, and
exceptional collaboration with the customer community was the
recipe for success," said Rob Myers,
Operations Director, LMA.
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their
mission-critical systems and operations while modernizing IT,
optimizing data architectures, and ensuring security and
scalability across public, private and hybrid clouds. The world's
largest companies and public sector organizations trust DXC to
deploy services to drive new levels of performance,
competitiveness, and customer experience across their IT estates.
Learn more about how we deliver excellence for our customers and
colleagues at DXC.com
About the London Market Joint
Ventures (XIS and XCS)
The Joint Ventures or JV are made up by XIS (Ins-Sure Holdings
Limited) and XCS (Xchanging Claims Services Limited). With
approximately 1,400 people supporting the Joint Ventures, they have
been providing back-office and technology services to the Lloyd's
and company London insurance
market since 2001.
Jonathan Batty, DXC
Technology, Jonathan.batty@dxc.com
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