Envisioning insurance carrier’s 5-year cloud transformation journey by product rationalization across 7 business segments

The Client


Property-casualty insurance and surety carrier providing consultancy services, privately owned with $3.1B in assets

Challenge

  • Low “Submission to Conversion” ratio for Quotes -Agents & Brokers had to use multiple systems to process applications
  • Speed to market for new products; expansion into newer U.S. States took years
  • U/W capabilities were key to success but due to siloed systems Underwriting/ Workflow/ Referrals process became cumbersome
  • TCO was high due to disparate in-house legacy systems on IBM infrastructure

Solution

  • Jointly Identified platform of choice to digitize the siloed business & IT systems as part of the core platform modernization
  • Use of implementation templates, accelerators and automation tool kits from experience with execution of large scale legacy modernization programs
  • Brought in a SWAT team along with unique expertise on both Legacy PAS systems and modern COTS product including Duck Creek
  • Normalized product offerings across business units with product configurability feature which allowed quick roll out of products and expansion into newer markets.

Value Delivered

  • Reduction in quote processing time frame from 3 days to under 15 mins
  • Major product lines rolled out to 50 states in <18 months
  • $64Mn in DWP in <9 months from nationwide roll outs
  • TCO savings of $1.1Mn in first year by retiring major legacy systems
case studies

See More Case Studies

Contact us

Partner with Us for Comprehensive IT Resources

We’re happy to answer any questions you may have and help you determine which of our services best fit your needs.

Your benefits:
What happens next?
1

We Schedule a call at your convenience 

2

We do a discovery and consulting meting 

3

We prepare a proposal 

Schedule a Free Consultation