Kyobo Life Insurance announced on Feb. 9 that it will move its big data system and important workloads to Amazon Web Services (AWS) to enable massive big data analysis and free infrastructure expansion anytime, anywhere.
For the first AWS cloud-based big data project in the domestic insurance industry, Kyobo Life Insurance selected AWS's premier consulting partner Megazone Cloud and Kyobo Information Communication as its main operators, and recently signed business agreements with AWS and Megazone Cloud.
Public Cloud is a type of service in which service providers lend computing resources such as servers and storage to an unspecified number of companies or individuals through the public Internet. This enables efficient use of data resources and rapid delivery of digital services.
Kyobo Life Insurance also plans to relocate its core workloads such as 'Baro', an artificial intelligence-based insurance subscription and payment review service that won the Asia Insurance Industry Award (AIIA) in 2019, to the cloud and add new real-time question and answer functions by utilizing AWS's AI service.
If it took more than six months to replace and expand infrastructure, such as market research, prediction, cost optimization, and recycling, the cloud can create server within a few minutes and develop and test simultaneously with standardized management and the latest digital technology.
AWS, which was selected as a cloud service provider, has maintained its No. 1 position in the global cloud infrastructure market for the past four years.
Megazone Cloud will operate according to financial cloud usage guidelines based on accumulated know-how, and Kyobo Information Communication will play the role of DevOps (Development+Operation) related to applications.
"The introduction of public cloud will be a turning point in the digital transformation (DT) journey by improving Kyobo Life's digital capabilities," said Kwon Chang-ki, head of DT Support Division at Kyobo Life Insurance.