Renaissance Insurance will double the speed of working with data using Yandex Cloud technologies

2024: Creating a data warehouse on the Yandex.Cloud platform

Renaissance Insurance Group began to create a new architecture for working with corporate data. The project was helped by experts from Korus Consulting and Yandex Cloud. Experts have developed for the company a data storage architecture implemented on the Yandex Cloud platform. The solution created will increase the speed of response to customer requests without increasing IT costs . Yandex.Cloud announced this on April 27, 2024.

Experts tested the architecture of the new solution on a small amount of computing power in the cloud. The necessary infrastructure for testing was deployed with Terraform. Yandex Object Storage, DataProc Spark, Managed Service for Apache Airflow and Yandex Managed Service for Greenplum were used for testing. Testing took less than two months.

As a result of the pilot, it became clear that when migrating storage data MS SQL from to Yandex Managed Service for Greenplum insurance , the company will accelerate the performance of the solution by half without increasing the cost of. IT

Data projects, such as enterprise storage, require a lot of investment. It is not always possible to quickly assess how much the team can optimize costs by moving data storage to the cloud and what results the business will receive. With the help of Yandex Cloud and KORUS Consulting, we not only chose the configuration of services and formed a relocation plan, but also received an accurate forecast of the project's effectiveness, as well as a step-by-step action plan and recommendations for improving the architecture of analytical storage data, "said Sergey Ivanov, CDO Renaissance Insurance.

{{quote 'Any company operating in both retail and B2B segment is important to respond quickly to customer demands and market demands. This requires a robust and flexible IT infrastructure that can withstand a high load and scale easily. These are the advantages provided by Yandex Cloud technologies, which we used to implement the project at Renaissance Insurance, "said Konstantin Smirnov, Commercial Director of the Analytical Solutions Department of KORUS Consulting Group. }}

Over the past year, we have significantly increased the number of customers who are interested in data analytics in the cloud, and fintech and insurance companies are no exception. In such large-scale projects, we not only connect services, but help customers develop internal data competence centers: we train employees, involve partners to audit infrastructure and recommendations for working with data, "said Alexander Dolbnev, head of Yandex Cloud for working with the financial sector.