Asia Awards 2022: Best cloud migration project—FWD Group
OVERVIEW
The Covid-19 pandemic disrupted working environments around the world. The new normal demanded adaptation and technological upgrades, with cloud adoption chief among them. With functions migrated to the cloud and data accessed from cloud servers, employees’ decision-making processes and productivity improved, all while working remotely. At this defining moment in the workplace evolution, FWD set out to leverage cloud technology and drive business growth.
“I am truly inspired by FWD’s leadership and honored to be the technology partner for FWD. Technology is a key enabler to drive their mission to become ‘the’ digital insurer. It takes strong leadership and execution to become a cloud-first organization and their achievement in technology adoption such as cloud, data and AI is remarkable. FWD’s forward-thinking vision is demonstrated through the first-of-its-kind services launched in the market and it is this continuous innovation that differentiated them to pave the next era in our insurance industry.”
Connie Leung, senior director, financial services business lead Asia, Microsoft
THE SOLUTION
FWD’s cloud-first strategy aimed to increase the availability and security of IT services, jumpstart innovation and reduce IT ownership costs in the long run. Its focus was on widescale cloud modernization and adoption, with the Digital Cloud Platform and Cloud Academy program being two major pillars. The former provides self-service provisioning and operational efficiency, while the latter levels up cloud fluency and skills across the organization. A third pillar, the Cloud Center of Excellence, ensures a continued flow of resources and expertise to support the furthering of innovation, scalability, and resilience through technology.
WHAT’S TO COME
Already, 70% of FWD’s applications have been migrated to the cloud, with 280 of those making the transition in 2021. The company’s eventual goal is to move all its data to the cloud, with migration planned through 2023. This journey to reduce the on-premises datacenter footprint also means many more applications are being modernized for cloud services, while over 60% of applications targeted for retirement have already been decommissioned.
WHY THEY WON
Cloud Migration Program: FWD adopted the 6R process of retiring, retaining, re-hosting, re-platforming, refactoring, and re-architecting. Applications were re-platformed to make the most of cloud-native software solutions and tools, with non-core applications moved to SaaS in the cloud, and high-volume, scalable applications re-hosted on infrastructure-as-a-service (IaaS) platforms. Legacy applications that couldn’t be moved to the cloud were decoupled. An Azure data lake was also built, so as to take advantage of possibilities for data analytics, artificial intelligence and machine learning.
Group Landing Zone: FWD’s Group Tech Office established a lightweight scrum framework and stuck to its defined events and pillars to maintain transparency and meet its goals for basis cloud adoption. It established long-term partnerships with two global public cloud providers, utilizing the strengths of both.
Cloud Academy Program: FWD developed the cloud skills of employees across the organization in all 10 of its markets.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Women in Technology & Data Awards 2025 winner’s interview: Kaja Zupanc (Duco)
Kaja Zupanc won the Data science professional of the year (vendor) category in the 2025 Witad Awards.
Witad Awards 2025: Risk professional of the year—Anne Leslie, IBM Cloud
Anne Leslie, cloud risk and controls leader for EMEA at IBM, wins risk professional of the year in the 2025 Women in Technology and Data Awards.
Women in Technology & Data Awards 2025 winner’s interview: Maureen Downs (Connamara Technologies)
Interview with Connamara Technologies co-founder, Maureen Downs.
Buy-Side Technology Awards 2024 winner’s interview: FactSet
Video discussion on FactSet’s trio of wins in the 2024 BST Awards
Witad Awards 2025: Vendor professional of the year (business development)—Ripple Bhullar, Kyndryl
Ripple Bhullar, vice president, head of US capital markets and diversified, at Kyndryl, wins vendor professional of the year (business development) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Technology leader of the year (vendor)—Mary Cecola, Broadridge Financial Solutions
Mary Cecola, CTO for asset management at Broadridge Financial Solutions, wins technology leader of the year (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Trailblazer (Lifetime achievement) award (vendor)—Maureen Downs, Connamara Technologies
Maureen Downs, co-founder and chair of Connamara Technologies, wins the Trailblazer (Lifetime achievement) award (vendor) in the 2025 Women in Technology and Data Awards.
Witad Awards 2025: Legal/compliance professional of the year—Devi Shanmugham, Tradeweb
Devi Shanmugham, global head of compliance at Tradeweb, wins legal/compliance professional of the year in the 2025 Women in Technology and Data Awards.