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Sponsor's Message
5 February 2004
Capital Alliance Life achieves business continuity
[
5 February 2004
] -
Spearheading a planned local and global acquisition and expansion drive, Capital Alliance Life, a significant South African life insurer, recently completed a multimillion-rand business continuity management (BCM) implementation at its Johannesburg office.
The solution was implemented byComparex Africa and arivia.kom . In the wake of local and global legislation calling for companies to ensure corporate governance, security of data and continued operations in case of man-made or natural disaster, the two ICT companies have partnered to address the widening market gap that exists for experienced BCM and DRS (disaster recovery services) providers.
"More CEOs and CIOs are realising the importance of implementing data recovery and failsafe systems for their businesses - to give added peace of mind to management, clients and shareholders," says Neil Ebedes, Business Executive for Comparex Africa.
According to Hennie Reyneke, IT Executive Manager at Capital Alliance Life, the first disaster recovery test scored a near perfect result and is vitally important for stakeholder confidence in the wake of 11 September, King 2 and corporate governance and regulatory requirements.
"To meet its requirements of becoming a 24x7 organisation with a robust business continuity management and data backup model in place, the company decided to review its storage and disaster recovery systems."
Capital Alliance has over 1.2 million individual life contracts and 900 000 group scheme members under administration as well as the management of its R18 billion in investment assets and daily business transactions. This necessitates effective data management and recovery, which became increasingly important for Capital Alliance Life to guarantee and underwrite business continuity.
"As a company that has grown exponentially through acquisition over the last few years, we needed to ensure that the consolidation of our ICT strategies optimised our performance without exposing it to business continuity risks.
“As a result, we decided to implement a strategy that would reduce our backup window without endangering business efficiency and performance in terms of restoring data rapidly, underwriting our goal of establishing a 24x7 business model and staying ahead of our data protection needs," concludes Reyneke.
The solution was implemented by
"More CEOs and CIOs are realising the importance of implementing data recovery and failsafe systems for their businesses - to give added peace of mind to management, clients and shareholders," says Neil Ebedes, Business Executive for Comparex Africa.
According to Hennie Reyneke, IT Executive Manager at Capital Alliance Life, the first disaster recovery test scored a near perfect result and is vitally important for stakeholder confidence in the wake of 11 September, King 2 and corporate governance and regulatory requirements.
"To meet its requirements of becoming a 24x7 organisation with a robust business continuity management and data backup model in place, the company decided to review its storage and disaster recovery systems."
Capital Alliance has over 1.2 million individual life contracts and 900 000 group scheme members under administration as well as the management of its R18 billion in investment assets and daily business transactions. This necessitates effective data management and recovery, which became increasingly important for Capital Alliance Life to guarantee and underwrite business continuity.
"As a company that has grown exponentially through acquisition over the last few years, we needed to ensure that the consolidation of our ICT strategies optimised our performance without exposing it to business continuity risks.
“As a result, we decided to implement a strategy that would reduce our backup window without endangering business efficiency and performance in terms of restoring data rapidly, underwriting our goal of establishing a 24x7 business model and staying ahead of our data protection needs," concludes Reyneke.
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EDITORIAL CONTACTS
Fleishman-Hillard SA |
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FACT SHEET
User
Capital Alliance Life Industry Life insurance Solution Business continuity
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