Maximizing Cloud Financial Efficiency in Insurance – Compunnel’s Proven Strategies for Cost Reduction

What to Expect

Discover how Compunnel’s FinOps solutions revolutionized cloud cost management for a prominent insurance group. Explore their challenges, our tailored approach, and the remarkable outcomes that led to significant financial and operational improvements. 

Inside Analysis 

In the evolving landscape of cloud management, this insurance group faced complex challenges following their AWS migration, including cost overruns and inefficiencies. By focusing on detailed analysis and customized strategies, Compunnel addressed these obstacles head-on, bringing about transformative results in both cost and resource optimization. 

Client Challenges

Inefficient cloud expenditure analysis and resource management led to inflated costs, poor financial control, and administrative inefficiencies. Untagged assets and reliance on cloud-native tools limited cost management flexibility. 

Our Approach

The CUDOS Dashboard delivered cost control insights via AWS QuickSight. AWS Trusted Advisor and Compute Optimizer helped optimize resources and right-size instances. A robust tagging strategy improved cost tracking. AWS Control Tower streamlined multi-account management and security. Centralized traffic management boosted cost oversight, while an uptime scheduler cut expenses by activating resources only during work hours. Strategic use of spot and reserved instances maximized savings. 

Remarkable Outcomes 

• 15-40% Cost Reduction: Realized substantial financial savings across cloud operations. 

• 90% Idle Resource Reduction: Significantly decreased resource waste and improved utilization. 

• Enhanced Financial Visibility: Strengthened cost monitoring and transparency for better governance. 

• Improved Accountability: Achieved precise resource allocation with improved cost management. 

• Optimized Investments: Maximized returns through efficient use of Savings Plans and Reserved Instances. 

• Reduced CO2 Emissions: Supported sustainability efforts by cutting energy consumption and emissions. 

Beyond the Evident

Through Compunnel’s strategic FinOps framework, the insurance group achieved greater cloud cost control, enhanced operational governance, and long-term sustainability. The tailored solutions not only delivered immediate cost reductions but also improved financial transparency, accountability, and resource efficiency.