Altima Insurance
DataGalaxy enables Altima Insurance to improve data quality and meet regulatory requirements.
DataGalaxy is a team of professionals capable of supporting us and meeting our varied requirements. The platform is vibrant and animated by its community of users, who regularly provide feedback on their data governance issues.
Overview
Altima Insurance, an insurance company and subsidiary of MAIF, insures non-life policies, mainly for private individuals for motor vehicles and multi-risk home insurance. Altima supports the MAIF Group’s strategy of strengthening its capacity for innovation and responding to partnership opportunities.Project background
The project was prompted by the challenges inherent in the insurance sector, which is characterized by both fierce competition and strict regulation. Altima Insurance was looking to improve its ability to comply with regulatory standards, in particular those of the Solvency 2 directive, which require optimal data quality.
The strategic challenges were numerous, including
- Ensuring regulatory compliance, in particular data quality and reporting to supervisory authorities
- Improving customer experience to remain competitive in the insurance market
- Making informed decisions
- Managing risk and preventing fraud, to ensure business continuity
Strategic challenges
Altima Insurance therefore began a “Data Quality” project, with a focus on regulatory compliance. The main objectives of this project were
- Set up a Solvency 2-compliant data repository
- Develop data governance and data workflow modeling
- Involve all the company’s stakeholders in a data-driven approach.
- Integrate Altima’s entire information system, with a data catalog as a central, shared platform.
The Data Knowledge Catalog implementation process
Altima chose the DataGalaxy solution for two main reasons:
- DataGalaxy’s rich functionalities, which covered all of Altima’s data management needs.
- DataGalaxy’s intuitive interface, which enabled rapid onboarding and agile use of the platform by anyone in the company, whatever their level of technical expertise.
The DataGalaxy implementation took place in 3 stages:
- A three-person full-time Data Quality project team was set up, including a project manager, a Business Analyst and a consultant specialized in organization and transformation.
- The data was divided into batches to spread out the workload progressively.
- At the same time, the team played a coordinating and evangelizing role with Altima employees on data quality.
An agile approach enabled DataGalaxy to be implemented progressively and methodically, adapted to the specific needs of the data and business teams, while ensuring effective involvement of the whole company in the project.
Results of using DataGalaxy
Improved regulatory compliance
including Solvency 2
Data centralization
with the implementation of tens of thousands of data records and hundreds of flows and processes
A clear, detailed view
of data assets
Risk management and fraud prevention
with risk identification using data
The benefits of DataGalaxy according to Altima Insurance
- The DataGalaxy teams who are highly responsive, always ready to listen to requests for upgrades, and able to meet all needs and requirements.
- A comprehensive solution, easy to deploy, with regular updates.
- A dynamic platform driven by a community of users who provide feedback and raise issues and needs.
- DataGalaxy’s ability to respond to different employee profiles, whether highly technical or not at all.
With DataGalaxy, we’re able to use the same tool to structure, centralize and share data between the various players in the company. Since the start of the project, we have been able to implement tens of thousands of pieces of data in DataGalaxy. In addition, hundreds of workflows and processes have been modeled in the tool.
Technology stack
MySQL
SQL Server
MongoDB
Discover more Customer stories
