With Oracle Exadata Database Machine, we improved system response time by 2x and cut total cost of ownership by 50%. Our executives can also analyze customer data 10x faster, supporting decisions for multi-channel business and enhancing customer satisfaction.
Unionlife Insurance Co., Ltd., an authorized licensee of the China Insurance Regulatory Commission, provides comprehensive life insurance products and services to 70% of the population in China. Union Life has increased its total assets by 10x—from US$105 million to over US$10.5 billion—since its inception in 2005.
Union Life also launched innovative mobile services to support insurance operations. It achieved US$70 million record sales in just three days by signing up 20,000 policies for one insurance product via the mobile app, which exceeded the normal sales pace by more than 100x. To support explosive business growth, Union Life needed to improve system performance, reduce IT costs, and enhance the customer experience.
We chose Oracle Exadata Database Machine because it provides an integrated hardware and software solution that ensures high system performance and availability. It also helped to simplify system management and reduce significant ongoing operating and maintenance costs.
Union Life migrated legacy Oracle Databases for its core applications and seven supplementary applications—including rules engine, anti-money laundering, and agent management systems—to Oracle Exadata. With assistance from Oracle Advanced Customer Support, Union Life also ensured high system performance and availability. It completed the implementation in four months and smoothly went live with the production system.
Founded in 2005, Unionlife Insurance Co., Ltd. is China’s leading insurance provider, offering more than 40 insurance products—such as life, health, education, bank assurance, and property insurances—to 14 million customers across the country. It operates 26 provincial branches, over 200 branches across China’s main cities, and more than 500 marketing departments.
Union Life engaged Oracle Platinum Partner, Beijing Vastdata Technology Ltd. to provide onsite assistance for installation, data migration, cluster configuration, and testing.
“We chose Beijing Vastdata Technology because it is China’s first certified Oracle Exadata and Database as a Service specialist. It helped us to easily set up our database environment and get the most out of Oracle Exadata platform,” Chen said.