Managing Risks on the Journey
to Consolidate and Migrate Data
Recorded April 27, 2011
The key challenge for an insurance CIO when considering a move to a modern policy administration system or in-system consolidation is the data migration component. When one considers the unknowns lurking in the existing product records often with minimal documentation, the requirement for having the converted records match the originating records, and the historical cost and outdated approaches to conversion, it is no surprise why insurance carriers remain saddled with multiple legacy policy administration platforms. Unpredictable timescales and potential budget overruns for data migration only add to the fear of embarking on a project that is perceived as a risk. In the absence of clear visibility and control into the progress of the data migration initiative, the chances of succeeding are remote.
The ideal solution to the problem is a data migration service that starts with a near-accurate assessment of cost and risks involved in migrating data to a new platform. The need of the hour is to de-risk and accelerate data migration with a robust methodology and the right set of tools while giving the CIO the complete visibility and control of the migration process and progress without impacting his current operations.
In this webinar you will learn
- How to assess predictable assessments of costs and risks involved in data migration
- How to get support with robust methodology and toolsets
- How to enable complete visibility and control of the migration process
- How to enable data migration with minimal impact to current operations
Speakers
Chad Hersh
Partner, Insurance Practice
Novarica
Philip Magnal
Head of Data Migration
MajescoMastek
Moderator
Ron Clark
Editor & Associate Publisher
LOMA Resource
Brought to you by MajescoMastek and LOMA Resource