Case Study
Modernizing Legacy Policy Platforms with Mainframe-as-a-Service for a Fortune 500 Firm
Industry
Financial Services
Location
Global
Our Contributions
Legacy Modernization, PAS Transformation, Mainframe-as-a-Service
Technologies
Agentic AI, Conversion Frameworks, Modern PAS Platforms
Coforge partnered with a Fortune 500 financial services organization managing $90B+ in assets to modernize its legacy policy administration landscape. The client operated multiple PAS systems across business lines, leading to high costs, operational complexity, and limited agility.
By adopting a Mainframe-as-a-Service model and leveraging agentic AI-driven migration and validation, Coforge enabled a controlled, scalable modernization. The transformation streamlined platform operations, reduced costs, and accelerated product innovation while ensuring continuity across millions of in-force policies.
The Challenge
The client’s technology landscape had become highly complex due to multiple mergers and acquisitions, resulting in six legacy PAS platforms supporting various product lines. Managing millions of in-force policies across these systems led to high operational and maintenance costs.
Complex product definitions, extensive historical data, and interdependencies across platforms further increased the difficulty of modernization. Rising infrastructure, licensing, and support costs added to the challenge, limiting the organization’s ability to invest in innovation.
The client required a structured modernization approach that could reduce costs, simplify the platform landscape, and enable faster product development without disrupting ongoing operations.
Our Approach
Impact to Date
-30%
Reduction in Infrastructure, Licensing & Archiving Costs
-36%
Reduction in Support & Maintenance Costs
4 Months
to Launch New Products
Improved
Platform Agility & Scalability