The rationalization and update of legacy systems can be difficult tasks requiring a great deal of IT time, management commitment, and company expense. However, some insurers in the life and property/casualty industry in London that migrated data from legacy systems found the benefits of increas-ed efficiencies, long-term cost savings, and enhanced management information systems are well worth the effort. Among the various challenges they faced were data cleanup and legacy systems creat-ed as a result of mergers and acquisitions. The following case studies de-scribe the hurdles they encountered and how they overcame them to achieve their goals.

Challenge: Data CleanupChris Clegg, the former program manager for Prudential plc, the U.K. life company, saw the difficulties involved in doing a data migration in-house and the problems with migrating old data because he was in charge of the migration of two 30-year-old legacy mainframe systems. (When Clegg was interviewed, he was Prudentials program manager. At the end of April, his contract with Prudential ended and he is currently freelancing for other companies.) The program, completed in 2001, involved moving old data onto a smaller, more flexible, and robust client services system, which provided additional functionality for further growth, says Clegg.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.