BF&M Signs Talend Data Deal
BF&M has chosen Talend’s open source data management solution to streamline the company’s data migration processes between systems. The company chose Talend, after a thorough evaluation of a broad range of products, to reduce the time and improve the performance of migrating and maintaining constantly changing customer service databases and underwriting policies for a wide range of insurance products.
California-based Talend has moree than 1,500 global customers including eBay, Virgin Mobile and Sony Online Entertainment.
BF&M has two large operating companies within the group. BF&M Life Insurance Company Limited is a leading provider of life, health and pensions products, and BF&M General Insurance Company Limited is the leading general insurer in Bermuda providing all forms of property, casualty, motor and marine products.
“With the data volume and complexity associated with our legacy system, BF&M required a data migration and integration tool to relieve our developers from trying to hand code a solution,” said Paul Matthews, vice president, information technology. “Talend Integration Suite was a clear winner against other ETL tools, seamlessly migrating and modifying data from the legacy application to Wynsure. We cut the project development time by approximately 70 per cent with Talend compared to what it would have taken without an ETL tool.”
Initially, Talend was deployed as a critical tool for BF&M’s data migration project; however the solution is now being used for far more than originally conceived. BF&M conducts a great deal of data integration work with partners, such as transportation departments, banks and health authorities throughout Bermuda. It has expanded the use of Talend and its powerful ETL functionality, making it the central hub for all data integration requirements for BF&M’s production systems.
“BF&M is a perfect illustration for how Talend’s open source data management solutions are being adopted by companies of any size in virtually every industry to help them better manage and drive value from their critical information assets,” said Vincent Pineau, Talend’s vice president and general manager, Americas. “Talend’s model combines the most cost effective solution with the most advanced features, fully meeting BF&M’s requirements.”
Pitts Bay Road-based BF&M Limited includes several other companies including Bermuda International Insurance Company Limited, Bermuda International Reinsurance Services Limited, Marchmont Insurance Company Limited, BF&M Investment Services Limited, BF&M Properties Limited, (including Scarborough Property Holdings Limited and Barr’s Bay Properties Limited), BF&M (Canada) Limited, Hamilton Financial Limited, and a 51.6% interest in the Insurance Corporation of Barbados Limited.
