AXA Gulf Adopts Amazon Web Services to Enable Digital Transformation Across Its Organisation

Press release
Published November 19th, 2019 - 11:15 GMT

AXA Gulf
AXA Gulf
Highlights
AXA Gulf today announced that it will move the vast majority of its technology infrastructure to Amazon Web Services (AWS) to improve its services, increase security, and become more agile on the world’s leading cloud.

AXA Gulf today announced that it will move the vast majority of its technology infrastructure to Amazon Web Services (AWS) to improve its services, increase security, and become more agile on the world’s leading cloud. AXA in the Gulf will be leveraging the new AWS Middle East Region in Bahrain as it undergoes an IT revamp and digital transformation in order to better serve customers.

By using AWS infrastructure for the majority of its platforms, including its core applications, AXA in the Gulf will be able to focus on building even more innovative products and services for customers, thanks to shifting towards a cloud-native application development model. This is estimated to reduce the product development cycle by at least 20%. The migration will also enable AXA in the Gulf to generate business value from its data, as it leverages data lake tools such as Amazon Simple Storage Service and AWS Glue, as well as analytics tools for big data processing, real-time analytics, operational analytics and much more. AXA will also utilise machine learning services such as Amazon SageMaker, to build predictive models to better understand customer behaviour and deliver personalised offerings. It will also benefit from the highly secure AWS data centre and network architecture, in addition to the AWS security, identity, and compliance services to maintain the highest levels of data security.

Javier Cásedas, Chief Information Officer at AXA Gulf said, “Working with AWS to enable digital transformation across our organisation is in line with our overall strategy of being a true partner for our customers. Our collaboration with AWS helps us to improve our business operations to achieve greater efficiency as well as security for our customers, which was a key driver for the migration, allowing us to further enhance our longstanding commitment to security. Additionally, the proximity of AWS’s new Middle East data centres will help us remain close to our regional customers in our cloud transition to further achieve AXA’s ambition of empowering people to live a better life.”

Vinod Krishnan, Head of MENA, AWS, said, “We are excited to be working with AXA Gulf and supporting its digital transformation through the power of cloud computing. With the launch of the new AWS Middle East Region in Bahrain, we are bringing leading cloud technologies so our customers can innovate faster while being close to their end users. AXA Gulf today is benefiting from the security, breadth of services, and the agility of AWS so it can remain focused on building the most innovative insurance solutions for its customers.”

Background Information

AXA Gulf

VAT or Value Added Tax is a form of consumption tax that is imposed on a transnational level. The GCC has agreed to apply a uniform standard rate of 5%. This standard rate will apply to almost all domestic transactions. UAE and KSA will implement VAT on 1 January 2018, and the other GCC countries are expected to implement in the following 12 months.

In limited instances VAT can also apply at 0% (zero-rate), or transactions can be exempt from VAT, or out of scope.

How it works is that taxable businesses are generally able to recover the VAT they incur on their purchases and expenses.

However, as individuals, we are the final point of the supply chain and therefore, will bear the cost as we are not able to recover the VAT.

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