InsurTech Magazine July 2021 | Page 33

ALLIANZ MALAYSIA BERHAD

“ AS A COMPANY , WE MAY BUY TECHNOLOGY BUT THE REAL IMPACT IS MAKING A GENUINE CHANGE IN THE WAY PEOPLE THINK AND WORK ”

YORCK REUBER CHIEF INFORMATION TECHNOLOGY OFFICER , ALLIANZ MALAYSIA
Cybersecurity is an aspect of Allianz ’ s operations which has always been given high priority . “ The only thing we sell is trust . So , if we can ' t secure the data of our customers , why should they buy from us ?” With incidences of cyber criminal activity tangibly on the rise , Allianz continues to place paramount importance on security while also exploring methods for accelerating speed-to-market . “ Again , automation technologies are very important with regards to security . Before , we tended to just lock things down and subsequently make things even more complicated . Now , things have to be easy yet secure to access , and it ’ s only by using new technologies that both those aims are achievable .”
For Reuber , the decision to embrace digital adoption goes beyond mere operational optimisation and actually represents an existential requirement for Allianz ’ s continuity . “ The companies that don ' t adopt digital will soon not be in the market anymore ,” he cautions . “ Startups competent in data analytics are already starting to sell insurance .” The move , then , demonstrates that Allianz is preparing to become more like a tech company that primarily operates within insurance ( as
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