Helvetia Patria is Switzerland's fifth largest insurance firm and outside its home market, it has a bit role: It ranks approximately No. 40 in both Germany and Spain, its other top markets.Yet, the carrier has major ambitions for growth-and hopes that its service-oriented architecture (SOA) adoption can help lead its charge, particularly in Germany, Spain and Italy. "The plan is to acquire one to two new companies in the coming strategic period in one of these three countries," says Didier Beck, head of Helvetia Patria's e-business center.
The SOA adoption will be crucial for Helvetia Patria's future expansion, in part, because if it acquires a new company it will have to consolidate legacy systems. As Europe continues to integrate and borders recede, insurance firms such as Helvetia are looking for ways to present a single consistent look across the region. Indeed, this uniformity may be mandated over time.
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