Conversion Factory - Migrating To Modern Insurance Platforms
Overview
The insurance industry’s challenges have increased manifold, competition is cut-throat, and pressure on margins is unrelenting. On one hand, multiple mergers and acquisitions have given rise to a plethora of systems and processes serving similar purposes. On the other hand, the emergence of new disruptive technologies, such as Cloud, Mobility, and Big Data, has ceded the market to the caprices of the end customer. To support this business change, the underlying IT landscape is also undergoing a rapid transformation. The legacy landscape in particular is rapidly changing, as these platforms are inherently constrained and unable to support their business goals.
Legacy modernization can be accomplished using different solution approaches, such as re-building the entire solution from scratch, placing a wrapper solution on top of a legacy system, or replacing using a packaged solution from an IT vendor.
Key Features
Our legacy modernization services cover the following:
- Application portfolio assessment study
- Data migration
- Reengineering
- Application decommissioning
Our legacy comprehension and transformation tool, InsightTM, facilitates automation in code migration and we have a reference architecture (conceptual business architecture, conceptual solution architecture, logical technology integration architecture, etc.) consisting of patterns and templates, enabling the implementation of the best architectural solution in a phased manner, which in turn reduces the time and effort needed for design and development.
We ensure value is delivered at each stage, starting from pre-modernization to post-modernization.
Key Benefits
- Code comprehension and testing frameworks: accelerators for reducing the time of the testing cycle and improving the quality of the product
- End-to-end migration, testing, and implementation
- Specialized Center of Excellence for app renewal
- Azure-compliant (cloud)
- Competency development framework to quickly train and ramp up resources on any legacy and niche technology