Landscape assessment, Data Migration & BI Support for a Specialty Insurance Company

Problem statement

The customer invited Coforge for advice on how to proceed towards building a solid and future-ready data management platform & organization with lower TCO, well-defined processes & a skilled team in line with compliance and regulations.

Solution overview

• Complete end to end data landscape assessment, data migration, and BI support
• Migrated data consisted of data related to new business, renewal submissions, policies, policy endorsements, cancellations, and all financial transactions.
• The integrated governance model for business agility and increased efficiency
  
  

Outcomes

• Optimal Target Operating Model & offshoring for optimized services and increased stability
• Right skill and processed management plan for effective control and reduced time to market
• Reduction in submission processing timelines
• Prioritized work queues helped underwriters focus on high-value customers
• Simplified UX, improved underwriter productivity
• Improved business agility with delegated business rules