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  5. ICW Group: Digital Foundation Through Data Modernization

ICW Group: Digital Foundation Through Data Modernization

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29 March 2023
Nicolas Michellod

Winner of the 2023 Celent Model Insurer Award for Legacy and Ecosystem Transformation

Abstract

Tackling the legacy challenge requires a holistic view of core processes and the data they convey at each stage of the insurance value chain. Data is the raw material of insurance, and insurers are continuously speeding up the way they collect relevant data sets and turning them into valuable information to make various decisions, including underwriting, pricing/ratemaking, claims, etc. With its digital foundation through data modernization, ICW Group has placed data at the center of their legacy and ecosystem transformation strategy.

Insurance Company of the West (ICW Group) has transformed its business and built a strong digital foundation with focus through data modernization.

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