Case Study

NH NongHyup Life Insurance

NH NongHyup Life Insurance

Pages 2 Pages

Critical Issue Korea’s largest mutual insurance company for the agricultural and livestock industries, NH NongHyup Life Insurance, is completely dedicated to well-being and financial security for the families of its millions of policy holders. That dedication includes adhering to the insurance industry’s highest actuarial accounting and financial management standards. To that end, when the International Accounting Standards Board introduced new regulations to standardize insurance accounting globally, NH NongHyup Life Insurance immediately committed itself to a major, multi-year plan to transform and upgrade all of their actuarial systems. However, it was not long before it became apparent that the new applications and data stores would overwhelm their current server and storag

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