Case Study: Convex achieves faster, more reliable actuarial reporting with NeosAlpha's scalable AWS cloud architecture

Convex reduces compute costs by 45% with NeosAlpha

Convex, a global specialty insurer and reinsurer, faced significant performance constraints and high fixed costs from its rigid capital modeling infrastructure. The existing system struggled with peak reporting cycles, creating operational risk and limiting agility. To address these challenges, Convex engaged NeosAlpha for a cloud infrastructure modernization initiative on AWS.

NeosAlpha implemented a scalable AWS solution featuring elastic compute scaling, high-performance shared storage, and managed data services. This dynamic framework automatically provisions resources based on demand, eliminating bottlenecks. The results were substantial, including a 45% reduction in compute costs and significantly faster actuarial turnaround times, ensuring reliable reporting during peak periods and enhancing operational resilience for Convex.

Convex