A leading European insurer was striving to migrate three different policy administration systems to the new target system. The challenge was to convert and migrate fire and civil policies residing on multiple platforms, while providing complete transparency to policy holders, non-disruption to brokers and ensuring business continuity.
Hexaware helped the client migrate over 175K fire and liability policies to the new target system using our proprietary automated data migration solution, iConvert+. The team unbundled package policies and created individual policies to ensure compatibility with the new system. They implemented a centralized customer database and synchronized it with other systems for a single source of truth.
Business benefits:
- Increased data entry operations productivity by 50%
- Minimized risk and reduced total cost of ownership by over $500 k annually
