Singlife cuts costs by $4m yearly with AWS integration

At least 70% of its staff earned at least one AWS certification.

Singapore-based Singlife said it finished its cloud migration by moving more than 90% of its computational processes to the cloud with Amazon Web Services (AWS).

The insurer said it is the first insurer in the country to be fully on the cloud, cutting expenses by $3.7m (S$5m) per year.

Through this shift, the insurer aims to better anticipate customer needs to generate future financial products and experiences.

“Singlife uses Amazon Relational Database Service, Amazon Aurora (AWS’s fully managed MySQL and PostgreSQL-compatible relational database built for the cloud) to develop and bring new products to market quicker,” the company said in a press release.

Singlife said over 70% of its workforce and technical leaders are equipped with at least one AWS certification.

($1.00 = S$1.35)