Insurance company Allianz Ireland deploys Vordel to secure the streamlining of online services to banks and insurance agents
Vordel rapidly becoming the Web Services security vendor of choice for insurance industry with signing of World's No. 2 insurer
Dublin, October 3, 2006- Vordel, the SOA security and management company, today announced that Allianz Ireland, a member of the world's second largest insurer, has successfully deployed Vordel's award winning XML gateway product, VordelSecure, to secure its online offerings in its sales distribution channels.
Allianz is using Web Services technologies to streamline the delivery of insurance policy products to third party banking and broker partners in its Irish-based distribution channels. The adoption of a services oriented architecture approach to delivering insurance products is enabling Allianz achieve greater efficiencies in time to market and streamlining back-office integration with sales intermediaries' administrative operations. The Vordel solution provides the critical SOA security and management framework to enable Allianz roll out these services in a secure and managed fashion.
Mark Cooke, Enterprise Architect at Allianz, with responsibility for the deployment of this SOA said: "When selecting the security framework we required a defence solution to meet our immediate requirements of enforcing perimeter security for the initial roll out of Web Services."
"However, we also required an enterprise solution that would scale as our services-based transaction volumes increased and would enable both security and internal management of these services. Vordel has successfully delivered on all fronts" commented Cooke.
Vic Morris, Vordel CEO commenting on this latest insurance company win said "The significance of our Allianz relationship is that it consolidates Vordel's dominant position in the insurance industry as the SOA Security and management vendor of choice."
Our success with Allianz is testimony to our extensive insurance vertical expertise. Combined with our leading edge technology, we enable customers rollout their SOA infrastructures free of the constraints of ongoing development costs and comfortable in the knowledge that industry compliance and security regulations are addressed," continued Morris.
Vordel is an SOA security and management firm providing software and hardware solutions to enable enterprises confidently deploy SOA. Our products secure and manage XML-based communications and enable companies implement appropriate corporate governance compliance frameworks, reduce the ongoing costs of managing complex SOAs and increase the returns on legacy infrastructure assets. Vordel's products are used by Fortune 1000 companies and by national governments worldwide.
Allianz is one of Ireland's largest indigenous multi-line general insurance companies, with annual turnover in excess of €700 million. Allianz employs over 800 people and have offices located throughout the country. The integration with the Allianz Group gives us unrivalled access to risk and product knowledge.
The Allianz Group is one of the largest and most renowned financial services
providers in the world. Representing an international network of strong brands with first-class products, the Group brings together the expertise of specialists in the fields of property and casualty insurance, life and health insurance, asset management and banking. Founded in 1890 in Berlin, Allianz is now present in more than 70 countries with over 177,000 employees that service more than 60 million customers worldwide. At the top of the international group is the holding company, Allianz AG, with its head office in Munich. In fiscal year 2005, Allianz's total revenues amounted to €100.9 billion. At the end of 2005 Allianz Group had more than €1.26 trillion in assets under management. Of this, €743 billion were assets managed for third parties.
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