ARMONK, N.Y., Sept. 13, 2019 /PRNewswire/ -- IBM (NYSE:
IBM) today announced that Primerica, Inc., a leading insurance and
financial services company, has turned to IBM to help accelerate
innovation and modernize their internal and customer-facing
application development in a hybrid cloud environment.
Insurance providers are increasingly turning to the cloud to
accelerate expansion into untapped markets and deliver innovative
business and end-user experiences. By some estimates, more than 70
percent of insurers today leverage some form of cloud
infrastructure, up from 20 percent just a few years ago, according
to Novarica. Hybrid cloud environments in particular are suited to
the needs of insurers, which are often sitting on decades of
investment in their existing IT and face the need to balance
scalability and agility with data security and regulatory
requirements.
With millions of lines of code in applications like Primerica's
sales representative portal, intranet, and Primerica.com,
Primerica reports that their monolithic application architectures
previously limited development speed and time to market, as
enhancements and innovations required full application rebuilds,
which could take months to a year or more.
To accelerate this process, Primerica tapped IBM's hybrid cloud
capabilities and expertise. Working with the IBM Garage team,
Primerica was able to design a hybrid cloud strategy to modernize
their applications on IBM's hybrid multicloud platform. As a
result, the company was able to migrate their business
applications, including WebSphere, to a private cloud in their data
center.
Now, Primerica can keep sensitive data secured on-premise, while
also gaining access to the advanced cloud technologies they need,
such as containers and microservices, to help build and modernize
software with greater speed. For example, they now have the tools
to more easily and quickly update the client portal for a better
customer experience.
"We'd worked with IBM for decades, and the time came to
modernize our applications," said Barry
Pellas, CTO and EVP Application Development and Delivery,
Primerica. "We knew IBM could execute on a strategic transformation
roadmap to help us get the most out of new technologies like
Kubernetes and eventually bring all of Primerica's applications
into a hybrid cloud environment to speed development."
"By design, companies in the insurance industry have decades of
data and mission critical workloads spread across a variety of
environments," said Katie Kean, VP,
IBM Garage. "As they seek to innovate faster to meet the evolving
needs of their customers, iconic companies like Primerica are
turning to IBM for help implementing hybrid cloud strategies and
solutions, learning new ways of working to modernize applications,
and tapping into data secured across any cloud environment —
public, private, or traditional on-premises."
Today's announcement adds to the list of leading insurers like
Prudential Singapore, Allianz Taiwan and American Association of
Insurance Services (AAIS) that are driving growth and
innovation with IBM Cloud.
About IBM Cloud
For more information about IBM,
visit https://www.ibm.com/cloud.
About IBM Garage: The IBM Garage is the only
co-creation experience that drives purposeful innovation and
transformational change with the speed of a start-up at the scale
of an enterprise. With an IBM Garage experience, clients move
faster, work smarter, ideate more rapidly, and fundamentally change
the DNA of the way they work. To learn more, visit:
https://www.ibm.com/cloud/garage/.
About Primerica
Primerica, Inc., headquartered in Duluth, GA, provides financial services to
middle-income households in North
America. Primerica licensed representatives educate their
clients about how to better prepare for a more secure financial
future by assessing their needs and providing appropriate solutions
through term life insurance, mutual funds, annuities and other
financial products. Primerica insured approximately 5 million lives
and had over 2 million client investment accounts at December 31, 2018. Primerica, through its
insurance company subsidiaries, was the #2 issuer of Term Life
insurance coverage in North
America in 2018. Primerica stock is included in
the S&P MidCap 400 and the Russell 1000 stock indices and is
traded on The New York Stock Exchange under the symbol "PRI."
Contact:
Tyler
Allen
IBM Media Relations
tballen@us.ibm.com
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SOURCE IBM