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FinOps: Cost Optimization for Azure Cloud in Reinsurance 

A leading global reinsurance company based in Germany experienced significant growth, which led to increased spending on its Azure cloud infrastructure. To address this, the company sought a solution to effectively manage, forecast, and minimize its cloud expenses. Ness was tasked with identifying cost-saving opportunities, providing detailed visibility into cloud expenditures, and enabling more accurate cost forecasting. 

Ness conducted a thorough analysis of monthly cloud consumption across all subscriptions. Based on this analysis, detailed recommendations for cost optimization were provided, which included resizing virtual machines (VMs), application services, and ACS based on actual usage metrics. Unused virtual tools were identified and targeted for elimination, while serverless options were proposed where feasible. 

To further reduce costs, Ness recommended leveraging programs such as Azure Hybrid Benefits (AHB), which allow cost savings through license optimizations. The solution also included the creation of Power BI dashboards connected to a cost management tool, providing real-time visibility into cloud spending and trends. Budget alerts were implemented to monitor expenses continuously and provide early warnings of potential overruns. 

Ness identified potential monthly savings of up to 50%, significantly reducing the client’s cloud expenditure. With the Power BI dashboards in place, management gained clear visibility into cloud costs and the ability to monitor spending trends effectively. Budget alerts further enhanced cost control, ensuring the company could better manage and forecast future cloud expenses. 


Interested in Learning More? 

Contact us at nesscz@ness.com to explore how Ness can optimize your cloud spending.