In the light of new regulatory regimes and business demands, customer data is a key strategic asset in today’s competitive world.
With more insurance mergers and acquisitions, having multiple legacy systems with poor data quality increases costs and can put companies on the back foot when dealing with customers and assessing risk. This is where Insurance Data Migrations (IDM) can help in reconciling your data challenges.
Mergers, acquisitions and consolidation has left many insurance companies with numerous legacy systems and products that are used to support their business. As specialists in understanding insurance data, systems and processes IDM can help you reduce costs and increase operational efficiency and by improving data quality you will enhance your ability to make accurate business decisions.
In order to drive sales, brokers need quality data to provide a personalised service. Your accumulated data is a key asset and an invaluable resource which can all be integrated and/or migrated to upgrade your software systems. It can enable you to encourage loyalty, advocacy and also identify new opportunities to build your business with reporting tools to gain insight and make sense of your data.
IDM deliver specialist data migration services for insurance software houses and consultancies. Using our expertise, proven methodology and knowledge of insurance legacy systems we can seamlessly improve the quality and de- risk converting your clients' data to your system. Outsourcing data migration tasks to IDM specialists can thus save your company time and resources to focus on software development.
Insurance Data Migrations (IDM) are specialists in migrating, cleansing, consolidating, reconciling and making sense of insurance data from client details down to risks, claims, financial information and bordereaux.
IDM’ data solutions will make it easier for you to achieve accurate, up to date data and improve the efficiency of your business. By focusing on data quality this will enhance your decision-making ability and increase your agility to provide the right products to your customers faster and more effectively.
IDMs proven expertise of insurance data and legacy systems also enables them to assist clients in producing accurate, real-time data to help produce reports and make business decisions. For instance in formats relevant for business intelligence, Solvency II and catastrophe modelling requirements.
Digital Insurance Data Archiving
Insurance Bordereaux Processing Tool>>
We are excited to release our On Demand Migration Solution (ODMS) Which enables Brokers, MGAs and Insurers to configure and initiate a data migration on demand, typically on a weekly or monthly basis ahead of renewal. The solution fully migrates all clients, policies and risks, is ideal for Personal Lines with Open Market EDI schemes but can be used for Any Line of Business.
Insurance Data Solutions are looking forward to meeting up with clients and talking to brokers about their data challenges and how we can help by making processes as efficient as possible. Solutions include the Self Service - On Demand Data Migration Solution, The Insurance Data Archiver, and the Insurance Data Cloud Bordereaux processing tool.>>
Tel: +44 (0)1245 608253
Managing Director & Principal Consultant
Sales & Marketing Director