How we helped Thinksurance find the scalability, security, and manageability it needs to continue its meteoric international rise
Client Context
Founded in 2015, Thinksurance is one of Europe’s fast-growing superstars. The company’s B2B insurance platform is disrupting the traditional world of commercial insurance.
Thinksurance acts as the digital middle layer between insurance companies—such as Zurich and Allianz—and the banks, brokers, agencies, and distributors that sell insurance products to small and medium-sized businesses and major corporate clients.
The innovative platform uses data analytics and artificial intelligence to cover the full B2B insurance consultation journey—from customer needs and risk assessment to contract closing and policy issuance.
The Challenge
To unlock future growth and take the next step on its journey, Thinksurance needed to build a new microservices architecture to pave the way for a pending product launch and further international expansion.
“Our previous on-premises dedicated server had room for improvement,” says Vasil Vasilev, chief technology officer at Thinksurance. “We wanted to increase performance and speed. Moreover, we wanted to overcome the limitations of our legacy systems. But most importantly, the on- premises server wasn’t scalable.”
Making those changes meant that Thinksurance needed to solidify its security and compliance and modernize its development processes.
In particular, the company wanted to reinvent its agile development processes and reduce the time required to onboard new developers. Faster, smoother onboarding would give it the agility needed to get new product updates to market faster and keep pace with customer demands.
The Approach
With all of these goals in mind, Thinksurance began the migration to Amazon Web Services (AWS).
Together, Thinksurance and Scale Factory set about assessing Thinksurance’s AWS migration plans, with a particular focus on security and data sovereignty.
Scale Factory implemented its AWS Control Tower for SaaS solution to help Thinksurance securely manage its AWS accounts and meet the standards of the AWS Well-Architected Framework without the need for in-house AWS expertise.
Outcomes & Impact
The multi-account management technology helps Thinksurance provision new developer accounts quickly and easily, reducing the time to onboard new developers and speeding up product development.
A security dashboard and centralised logging bring a new level of security visibility to Thinksurance.
What’s more, the new AWS-based platform has helped Thinksurance optimise its analytics performance.
“Working with Scale Factory, we now have the scalability we need to grow at the pace we want. We have a multi-country, multi-language solution that will help us grow in our home market of Germany, plus expand into other European markets and the US market very soon.”
