70 billion rows of data, 700 IT assets and 200+ business applications successfully moved in one of the world’s most ambitious data center migrations
Supports the transformation towards a better, faster and cheaper London insurance market
LONDON, May 5, 2023 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, working closely with London Market Joint Ventures (XIS and XCS) , successfully completed a major data center migration, a key milestone in the multi-year transformation of the world’s largest insurance marketplace.
An important step in the insurance market’s journey to the cloud, data center migration will improve resiliency, security and agility, while laying the foundation for further digital transformation and continuous improvement.
This major undertaking required critical input and coordination from several major organizations in the world of insurance, including Lloyd’s of London, International Underwriting Association (IUA), Lloyd’s Market Association (LMA) and London
Over the course of a single weekend in February, DXC transferred more than 70 billion rows of data, 700 IT assets, more than 200 mission-critical business applications, and multiple types of databases into a data center solution. simplified and more advanced local business. A ‘hypercare’ period was successfully completed at the end of April, marking the completion of the migration phase.
More than 500 global engineers and an extensive network of technology partners collaborated on the migration, spanning three mission-critical environments: production, disaster recovery, and test service.
As the world’s largest insurance hub, the London insurance market accounts for 7.6% of the global commercial (re)insurance market, employs 47,000 people across the UK and accounts for almost a quarter of UK GDP. London City.
“Completing the data center migration has been a significant confidence builder for the market and puts the technology stack on a much more resilient and better performing cloud-based infrastructure,” said Bob James, Lloyd’s COO. “This, together with the delivery of two of the five sequences of the Blueprint Two plan, propels us towards a better, faster and cheaper way of doing business in the Lloyd’s and London insurance market.”
“DXC is the trusted technology partner for the London insurance market, transforming it from a largely paper-based set of analogue processes to a marketplace that is digital, efficient and data-first. By completing this important milestone, we are taking an important step in the digital transformation of the market as part of our broader commitment to Lloyd’s Blueprint Two programme,” said Chris Halbard, chief executive of 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 LMA and LIIBA, and our customers. In our opinion, this is one of the most ambitious data center migrations in the world, and it is a testament to the teams’ experience that it has been successfully completed,” said Andy Evans, Director of Delivery, DXC Technology.
With equity holdings in DXC, the International Underwriting Association and Lloyd’s, the Joint Ventures have provided Business Process Services (BPS) to the London insurance market for over 20 years, handling over 3.7 million premium submissions and claims, and handling more than 200 million messages a year.
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“The scale of this data migration is extraordinary and has required intense collaboration between DXC, joint ventures and London insurance market companies,” said Louise Day, chief operating officer of the International Underwriting Association.
“This was a very important project led by the DXC and Joint Venture teams. Meticulous planning, delivery execution and exceptional collaboration with the customer community were the recipe for success,” said Rob Myers, COO of LMA.
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DXC Technology (NYSE: DXC) helps global enterprises 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 enterprises and public sector organizations trust DXC to implement services that drive new levels of performance, competitiveness, and customer experience at their IT properties. Learn more about how we deliver excellence to our clients and colleagues at DXC.com
About the London Market Joint Ventures (XIS and XCS)
The Joint Ventures or JV are integrated by XIS (Ins-Sure Holdings Limited) and XCS (X Changing Claims Services Limited). With approximately 1,400 people supporting the Joint Ventures, they have been providing administrative and technology services to Lloyd’s Insurance Market and the London company since 2001.
Jonathan Batty, DXC Technology, Jonathan.batty@dxc.com
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