Insurance giant Fortis selects Vordel to secure and manage its SOA-based insurance agent distribution channel
Fortis Insurance Netherlands, the third largest insurer in the Dutch market uses Vordel to protect Web Services delivery as part of IT virtualization strategy to over 8,000 partners
Dublin, Ireland and Rotterdam, The Netherlands November 6, 2006 - Vordel, the SOA security and management company, today announced that Fortis Insurance Netherlands, one of the world's leading financial institutions and the third largest insurer in the Dutch market, has deployed an enterprise-wide licence of Vordel's award winning XML gateway, VordelSecure. Vordel is providing the secure framework for the rollout of products and services online to Fortis' 8,000 strong network of independent insurance vendors.
Fortis Netherlands has pursued a strategy of IT infrastructure virtualization to align with its corporate strategy of delivering a broad range of life, pension, healthcare insurances, mortgage and savings products to its specialist channel partners. A Service Oriented Architecture (SOA) provides the ideal environment to enable the virtualization of products and services. The critical decision factors for the selection of Vordel were:
- Guaranteed availability and high-message throughput capability that matched Fortis' high demands
- Utility-based pricing model to facilitate the scaling of IT infrastructure in a virtualized service environment
- Enabled Fortis ensure Web Services transactions met exacting FS regulatory measures
- Support for a wide range of validation methods given the huge diversity of users accessing the insurance services.
- Integration with the RSA single-sign on platform deployed at Fortis
- Full protection against XML security vulnerabilities
A Fortis Netherlands spokesman said "We selected Vordel after reviewing several competing solutions in the marketplace. VordelSecure provides the most comprehensive security functionality combined with a highly performant, scalable XML infrastructure solution capable of matching our requirements for a Web Services based transaction environment".
Vic Morris, Vordel CEO, commented "Fortis is a great example of how our products are being used in the financial services industry to both secure the delivery of sensitive customer information but also manage the creation and rollout of new products via Web Services in a Service Oriented Architecture."
"Fortis have discovered the cost-effective and scalable nature of VordelSecure to address the demands of increasing Web Services-based transaction volumes without worrying about malicious attacks or non-compliance with regulatory standards," added Morris.
Fortis is an international financial services provider engaged in banking and insurance. We offer our personal, business and institutional customers a comprehensive package of products and services through our own channels, in collaboration with intermediaries and through other distribution partners.
With a market capitalization of EUR 34.7 billion (30/06/2006), Fortis ranks among the twenty largest financial institutions in Europe. Our sound solvency position, our presence in 50 countries and our dedicated, professional workforce of 58,000 enable us to combine global strength with local flexibility and provide our
clients with optimum support. More information is available on www.fortis.com
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. www.vordel.com