Aflac Selects LTIMindtree As Digital Transformation Partner for Application Modernization and Cloud Transformation

Rhea-AI Summary

Aflac has partnered with LTIMindtree to digitally transform the organization by leveraging the cloud-native services of Amazon Web Services (AWS). The partnership aims to rearchitect Aflac's legacy applications with a cloud-first approach, ensuring performance efficiency, cost optimization, and operational excellence with heightened security. Moving to AWS will protect Aflac from security risk and positively impact its users. The migration to AWS has reduced Total Cost of Ownership by over 20% and overall reduction in application hosting cost by over 30%.

The partnership will rearchitect Aflac’s legacy applications with a cloud-first approach in collaboration with AWS, ensuring performance efficiency, cost optimization, and operational excellence with heightened security.

WARREN, N.J. & MUMBAI, India--(BUSINESS WIRE)-- LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, has been selected by Aflac Incorporated (NYSE: AFL), a Fortune 500 company and the largest provider of supplemental insurance in the United States, to digitally transform the organization by leveraging the cloud-native services of Amazon Web Services (AWS).

As part of the engagement, LTIMindtree will rearchitect Aflac’s on-prem applications that are currently deployed on an out-of-support-platform. The cloud-first approach on AWS solution, built on reusable UI components and common business functionalities as services, will capitalize on the salient features of AWS tools such as Amazon CloudFront, AWS Key Management Service (KMS), AWS Secrets Manager, and Serverless components like Lambda to ensure that the solution design is in line with the AWS Well-Architected Framework, which is also secure and reliable.

“In its current growth phase, Aflac is accelerating its digital transformation efforts, augmenting traditional in-person, independent agent/franchise business with a more digitally nuanced, seamless experience, which caters to the demand of stakeholders in real-time and securely,” said Polly Fabry, Director, Emerging Technologies, Aflac Incorporated.

“Powered by LTIMindtree’s comprehensive end-to-end cloud migration expertise and factory-based delivery model and AWS’ flexibility, scalability and reliability, we are confident in moving above operational challenges, including competition to deliver greater visibility, performance efficiency, cost optimization and services without any disruption.”

“Insurers today are seeking solutions that improve speed-to-market for new products while also managing escalating cost of operations, regulatory compliance, and security-related vulnerabilities,” said Sudhir Chaturvedi, President & Executive Board Member, LTIMindtree.

“The comprehensive core modernization expertise, migration tools and accelerators, and core-to-experience proposition of LTIMindtree bundled with the cloud-native architecture of AWS components and services will help Aflac fully harness the digital and cloud ways of working, while allowing the user to efficiently traverse technology and operational diversities seamlessly and deliver positive business outcomes.”

Moving to AWS will protect Aflac from security risk and positively impact its users, including the agent community. The applications are designed to follow the WCAG 2.1 guidelines, making it accessible to a wider audience. The Disaster Recovery capability has improved availability and uptime by more than 50%. Migration to AWS has reduced Total Cost of Ownership by over 20% and overall reduction in application hosting cost by over 30%.

About Aflac Incorporated

Aflac Incorporated (NYSE: AFL) is a Fortune 500 company helping provide protection to more than 50 million people through its subsidiaries in Japan and the U.S., paying cash fast when policyholders get sick or injured. For more than six decades, the insurance policies of Aflac Incorporated's subsidiaries have given policyholders the opportunity to focus on recovery, not financial stress. In the U.S., Aflac is the number one provider of supplemental health insurance products.¹ Aflac Life Insurance Japan is the leading provider of medical and cancer insurance in Japan, where it insures 1 in 4 households. In 2021, the company became a signatory of the Principles for Responsible Investment (PRI). In 2022, the company was included in the Dow Jones Sustainability North America Index, as one of the World's Most Ethical Companies by Ethisphere for the 16th consecutive year, on Fortune's World's Most Admired Companies for the 22nd time and in Bloomberg's Gender-Equality Index for the fourth consecutive year. To find out how to get help with expenses health insurance doesn't cover, get to know us at aflac.com or aflac.com/espanol. Investors may learn more about Aflac Incorporated and its commitment to ESG and social responsibility at investors.aflac.com under "Sustainability".

About LTIMindtree

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. As a digital transformation partner to more than 700 clients, LTIMindtree brings extensive domain and technology expertise to help drive superior competitive differentiation, customer experiences, and business outcomes in a converging world. Powered by 82,000+ talented and entrepreneurial professionals across more than 30 countries, LTIMindtree — a Larsen & Toubro Group company — combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. For more information, please visit https://www.ltimindtree.com/.

¹LIMRA 2021 U.S. Supplemental Health Insurance Total Market Report

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Media Contact

Gitanjali.sreepal@ltimindtree.com 

Source: LTIMindtree

FAQ

Who has Aflac partnered with for its digital transformation?

Aflac has partnered with LTIMindtree.

What is the goal of the partnership?

The goal of the partnership is to digitally transform Aflac by leveraging the cloud-native services of Amazon Web Services (AWS).

What benefits will Aflac gain from moving to AWS?

Moving to AWS will protect Aflac from security risk and positively impact its users. The migration has also reduced Total Cost of Ownership by over 20% and overall reduction in application hosting cost by over 30%.

What cloud services will be used in the solution design?

The solution design will utilize AWS tools such as Amazon CloudFront, AWS Key Management Service (KMS), AWS Secrets Manager, and Serverless components like Lambda.

How will the partnership benefit Aflac's growth phase?

The partnership will help Aflac accelerate its digital transformation efforts, augment traditional in-person business with a more digitally nuanced, seamless experience, and deliver greater visibility, performance efficiency, cost optimization, and services without any disruption.