Data migration?
Let us help you from start to finish!

The insurance sector has always been an interesting and complex sector to work in and this certainly isn't any different when we look at its data migrations. The vast number of different policy administration systems on the market together with the numerous merges and take overs in the industry, the specific technical characteristics of the products and the multitude of product configurations, plus the extensive and complex tax framework make from every migration project a major challenge. We are here to give a helping hand and guide you through the migration process, from the determination of the migration approach that will best suits your products and specific situation, to the roll-out phase.

You want to start a migration project?
Have a look at what we can do for you!

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ANSWER THESE SIMPLE QUESTIONS TO FIND OUT
WHICH APPROACH FITS YOUR MIGRATION PROJECT.

Question 1

What is the volume of the portfolio that needs to be migrated?

High

A high volume has a significant impact on the choice of the migration approach as certain migration types become impractical like for example a manual migration.

What is the level of standardization within this portfolio?

High

You only have a few deviations from the standard products and processes. Approaches allowing for a high level of automation are then well suited.

How do the target products match with the existing products?

High

The more the source product and the target product are similar, the less need for data manipulation and techniques like product rationalization. It also implies that the mapping effort will be less complex so this will give us more options in regard to the migration strategy.

How do the source system and target system compare?

Similar

It speaks for itself that the more two systems are similar, the less complex a migration will be. Which makes it possible to consider approaches better suited for less complex data mapping.

Different

Mapping two systems will always be a complex matter but having two very different systems will make it more so. This will limit the options when choosing the best migration approach.

Low

A migration becomes more complex when the match between your source and target product is low. This also limits the possible approaches.

Is it possible to rationalize the products?

Yes

This will simplify the migration and make possible to consider more migration techniques.

No

The product mapping complexity can not be avoided and will limit the migration techniques that should be considered.

Low

You have lots of deviations from the standard products and processes, or manage tailor made solutions for your clients. This makes a migration more complex but there are approaches and tools that can help.

To what extent could you convince your brokers and clients to move from their current policies to the target offering?

Low

Your relation with your brokers and clients is not strong or you don't have an attractive alternative to offer to your clients. In this cas you will have to support the complexity of your portfolio.

Do you have constraints (contractual, legal, etc.) that would make a commercial migration not possible?

Yes

The migration towards an identical target product can not be avoided. This increases the complexity of the migration.

No

The migration towards an identical target product can be avoided. This will allow for a product rationalization and will decrease the complexity of the migration.

High

You have a strong relation with your brokers and clients and you have an attractive alternative to offer to you clients. This could remove partially the complexity of a migration and there are tools to support this kind of processes.

Is it possible to rationalize the products?

Yes

This will simplify the migration and make possible to consider more migration techniques.

No

The product mapping complexity can not be avoided and will limit the migration techniques that should be considered.

Low

A low volume will limit our choice in migration approaches because some technologies are not adapted or too expensive for low volumes of policies.

What is the level of standardization within this portfolio?

High

You only have a few deviations from the standard products and processes. Approaches allowing for a high level of automation are then well suited.

How do the target products match with the existing products?

High

The more the source product and the target product are similar, the less need for data manipulation and techniques like product rationalization. It also implies that the mapping effort will be less complex so this will give us more options in regard to the migration strategy.

Low

A migration becomes more complex when the match between your source and target product is low. This also limits the possible approaches.

Is it possible to rationalize the products?

Yes

This will simplify the migration and make possible to consider more migration techniques.

No

The product mapping complexity can not be avoided and will limit the migration techniques that should be considered.

Low

You have lots of deviations from the standard products and processes, or manage tailor made solutions for your clients. This makes a migration more complex but there are approaches and tools that can help.

To what extent could you convince your brokers and clients to move from their current policies to the target offering?

Low

Your relation with your brokers and clients is not strong or you don't have an attractive alternative to offer to your clients. In this cas you will have to support the complexity of your portfolio.

High

You have a strong relation with your brokers and clients and you have an attractive alternative to offer to you clients. This could remove partially the complexity of a migration and there are tools to support this kind of processes.

Previous

Next question

190320 ensur portret 024

Would you like more information about migration? Contact Niki

niki.serruys@ensur.be

+32 477 59 70 63

Our approach

There are different ways to migrate data, from a pure manual migration to an automated one, more or less supported by different underlying technologies as accelerator. The limitations of the target system and/or the strategy of the client may also have as a consequence that some source products will not be supported any more, asking then for a commercial migration.

Therefore, starting with a sound assessment of the client situation is crucial. At Ensur we created a model to support this analysis. All the drivers influencing a data migration are considered.

week 1

Onboarding & kick-off

The first week is dedicated to the onboarding and the kick-off. We get to know the different stakeholders, the environment, we gather the expectations, we fix the priorities and we organize the work for the coming weeks.

week 2

Legacy assessment & migration approach

During the second week we perform a sound assessment of the legacy systems. We believe that we can make a difference during this stage with our Migration Model. Our model has been set up to assess each dimension, that have an impact on the migration of an insurance product, and to allow benchmarking.

week 3

Client & context drivers

Other client and context drivers must also be considered, next to the assessment of the portfolio’s and legacy systems. These drivers will set the final migration approach best suited for this specific situation.

week 4

Migration master plan

The week 4 is used to build the master plan. This gives you a first view on the key elements of your migration project.

Master plan
Request migration

Interested? Contact us!

Leave you contact details here and we give you a call within 2 workdays.

- fill in the questionnaire
190320 ensur portret 024

Would you like more information about migration? Contact Niki

niki.serruys@ensur.be

+32 477 59 70 63

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