Background

Since the release of the FinTech Development Plan (2019–2021) in 2019 and the Work Plan for Coordinated Supervision of Financial Infrastructure in 2020, FinTech has become one of the key fields for national coordinated development in China. Building a robust financial infrastructure is becoming increasingly important.


Thanks to digital technologies and national policies, the insurance industry has also shown strong tension in digital transformation. Yong An Insurance is a top insurance company in China. It has always been embracing new technologies such as cloud computing, big data, mobile Internet, and cloud database to build a future-ready IT infrastructure that is highly reliable, secure, scalable, and responsive.

Challenges

  • Unsatisfactory performance

    As Yong An Insurance's business maintained rapid growth, data stored in the company's on-premises databases reached dozens of terabytes, posing high requirements on the scalability and performance of these databases.

    As Yong An Insurance's business maintained rapid growth, data stored in the company's on-premises databases reached dozens of terabytes, posing high requirements on the scalability and performance of these databases.

  • Inadequate security and reliability

    The company is obligated to provide 24/7 services to policy holders via its online channels, and it must meet regulatory requirements on data security and DR.

    The company is obligated to provide 24/7 services to policy holders via its online channels, and it must meet regulatory requirements on data security and DR.

  • Less agile

    An open, cloud-based architecture plus a distributed architecture are the future trend. Yong An Insurance needed to transform its financial cloud platform using the architecture for more agility.

    An open, cloud-based architecture plus a distributed architecture are the future trend. Yong An Insurance needed to transform its financial cloud platform using the architecture for more agility.

  • OPEX

    Closed commercial databases are expensive to operate and maintain. Frequent data synchronization, if performed manually, takes up a lot of the time of DBAs, driving up the operational expenditure.

    Closed commercial databases are expensive to operate and maintain. Frequent data synchronization, if performed manually, takes up a lot of the time of DBAs, driving up the operational expenditure.

Huawei Cloud GaussDB Helps Yong An Insurance Rearchitect Its Core Business System to Better Suit the Cloud Environment

Huawei Cloud provided a highly secure, reliable, and high-performance database migration solution tailored to Yong An Insurance's needs. This solution guaranteed safe and smooth migration from Yong An Insurance's legacy databases to GaussDB, leading to significantly improved operational efficiency for the insurance company.

  • Handling peak demand with rapid elasticity and ultra-high performance

    GaussDB(for MySQL), Huawei Cloud's distributed database, supports rapid elasticity by creating multiple replicas for each primary instance. This allows the database to scale up to support terabytes of data in minutes. GaussDB(for MySQL) delivers 7X the performance of native MySQL databases when handling concurrent requests in millions. This helps the customer handle surges in demand with ease, ensuring a stable performance.

    GaussDB(for MySQL), Huawei Cloud's distributed database, supports rapid elasticity by creating multiple replicas for each primary instance. This allows the database to scale up to support terabytes of data in minutes. GaussDB(for MySQL) delivers 7X the performance of native MySQL databases when handling concurrent requests in millions. This helps the customer handle surges in demand with ease, ensuring a stable performance.

  • Meeting regulatory requirements by migrating the entire personal accident and healthcare insurance systems to the cloud

    Huawei's database team helped the customer split the personal accident & healthcare insurance service from their other core insurance services, allowing the former to expand rapidly while meeting requirements on reliability and ease of use. GaussDB supports fault recovery within seconds and zero data loss, meeting regulatory requirements for the insurance industry.

    Huawei's database team helped the customer split the personal accident & healthcare insurance service from their other core insurance services, allowing the former to expand rapidly while meeting requirements on reliability and ease of use. GaussDB supports fault recovery within seconds and zero data loss, meeting regulatory requirements for the insurance industry.

Benefits

Stability & 7X performance

  • Brand-new architecture, higher stability on the cloud

    By redesigning the company's core systems and switching to cloud databases, Yong An was able to reduce the total costs by 25%, including O&M, while meeting regulatory requirements.

    By redesigning the company's core systems and switching to cloud databases, Yong An was able to reduce the total costs by 25%, including O&M, while meeting regulatory requirements.

  • 7X performance

    Yong An Insurance has a huge amount of data on insurance policies, which demands high-performance, high-concurrency databases. The new GaussDB database delivers 7X performance compared with the old ones, ensuring fast responses in the face of concurrent requests in massive volumes.

    Yong An Insurance has a huge amount of data on insurance policies, which demands high-performance, high-concurrency databases. The new GaussDB database delivers 7X performance compared with the old ones, ensuring fast responses in the face of concurrent requests in massive volumes.