Amazon AWS: FWD signs new cloud agreement with AWS

May 30, 2024 | Posted by Abdul-Rahman Oladimeji

Insurance provider FWD Group has  signed a five-year cloud agreement with  Amazon Web Services (AWS) which will see AWS continue to host the company's core business applications including finance, customer, and insurance agent interfaces, as part of the company's ongoing cloud migration.

Sandeep Pandey, group chief technology and operations officer of FWD Group, said: “At FWD, cloud computing is a holistic business strategy, not just a priority for the technology function. This digital-first mindset has delivered operational infrastructure and capabilities that are not only secure and cloud-based, but also fully integrated across business functions and with valued partners like AWS. With these foundations in place, we can now further scale our generative artificial intelligence (AI) deployment in an efficient, effective, and responsible way, in line with our vision of changing the way people feel about insurance.”

Francessca Vasquez, VP of professional services and generative artificial intelligence innovation center, AWS, said: "AWS has been supporting companies in the financial and insurance industry around the world to better serve their customers with its cloud and AI technologies for more than a decade. FWD Group's ambition of harnessing the power of cloud and generative AI demonstrates their commitment to digital transformation and customer-centricity."