A cost effective, browser-based solution to address terminated policies during legacy conversions
Client Challenges Today
When converting legacy systems, insurers must decide how to manage a significant number of terminated policies: closed blocks, acquired blocks, and ancient policies. Although accessing these policies post-conversion may be unlikely, insurers must evaluate the time and cost to convert them against the need for access.
Solution and How We Work
Capgemini’s innovative and highly cost effective solution for terminated insurance policies helps insurers address these policies during system conversions. Our Archive Retrieval Facility is a proven solution that allows insurers to archive and retrieve terminated policies through a browser-based application. Business users can view terminated policy data and transaction data in formats familiar to them for ease of use and inquiry.
Our Archive Retrieval Facility:
- Provides a platform to view terminated policy data without going back to the legacy system
- Removes wasted cost, time, and effort to set up old products and convert non-essential terminated policies
- Eliminates the need to maintain legacy systems just to gain access to terminated policies