AXA Calls on IBM Overseas

AXA Insurance will use IBM’s computing model for a four-year systems integration project in Romania designed to streamline business processes, reduce IT costs and uncover new business opportunities.

IBM says Romania's insurance sector is playing an increasing role in the country's economy. To leverage this opportunity, New York-based AXA Insurance established a presence in Romania in 2009 with the purchase of Omniasig Life Insurance. Then, to integrate Omniasig's systems with its own, AXA turned to IBM Global Technology Services in Romania.

IBM says that, under a 2011 agreement, it will provide systems integration and management services to help streamline risk management, consolidate data to provide the company with a single view of customers and work to lower operational costs by automating several pieces of the insurance process. IBM also will facilitate the smarter computing project through its data center in Petrom City.

Also as part of the agreement, IBM will migrate Omniasig's client system to a centralized ERP SAP solution and standardize business-use rules across IT applications to enable workload optimization and integration. The moves are designed to create a more open, flexible, scalable, efficient and secure system that provides AXA Insurance Romania with greater visibility into, and control over, insurance policies as well as help reduce internal investment costs.