Australia-based Suncorp Group has forged a three-year agreement with Microsoft to expedite its cloud migration and workplace collaboration.

Through the collaboration, the financial services company expects to bolster its capability to develop and deploy digital solutions for customers and to promote collaborative hybrid working.

Suncorp Group aims to deliver a modern, hybrid work experience allowing over 13,000 employees to collaborate securely, flexibly, and inclusively.

Under the multi-cloud strategy, the Australian group plans to migrate 90% of its workloads to the cloud by the end of this year.

The remaining applications will be moved to new colocation sites in Sydney, ready to exit their data centres around this time in 2024.

The collaboration with Microsoft will allow Suncorp Group to expand its cloud footprint in Microsoft Azure and reduce on-premise data centres.

Suncorp Group provides banking, insurance, and wealth products and services in Australia and New Zealand.

Suncorp Group IT infrastructure executive general manager Charles Pizzato said: “Suncorp is a purpose-driven organisation that has embraced cloud computing and modernised its technology platforms, to lead the insurance sector in delivering innovative customer experiences, at lower cost and lower risk to the business.

“Suncorp’s cloud journey started in 2013 and today 65% of our applications are in the cloud. We have chosen to partner with Microsoft to enable us to achieve our strategic transformation goals and innovation agenda.

“We are always looking for opportunities to leverage cloud infrastructure to be more agile and responsive to market needs.”

Through cloud migration, Suncorp Group aims to streamline its technological infrastructure, cut costs, enhance security and risk management capabilities, and quickly develop and deploy digital solutions to offer excellent customer experiences.

The financial services provider is collaborating with a number of partners, including Avanade, to expedite its migration to Azure.

Microsoft Australia and New Zealand financial services industry general manager Duncan Taylor said: “We’re excited to play an even greater role in Suncorp’s cloud strategy and workplace evolution as the next step in our longstanding partnership. Together, we will empower its people to connect, collaborate and innovate in new ways that deliver better customer outcomes.”