20% Faster product launches
18% Higher policy sales
Quicker claims processing
Fewer errors, better decisions
The challenge
Modernizing policy and claims systems for a leading P&C insurer
Businesses worldwide are leveraging data to optimize operations and gain deeper customer insights. A top property and casualty (P&C) insurer sought to upgrade its policy and claims systems to offer tailored solutions across multiple brands.
Key challenges
Improve data accuracy, fraud detection, and automation
Innovate with usage-based and embedded insurance
Adapt swiftly to market trends and customer needs
Leverage a data lake for AI-driven underwriting
Remove digital barriers to boost conversions
The solution
Streamlining insurance operations with scalable, data-driven solutions
System modernization
Migrated to Guidewire for streamlined operations
Improved policy, claims, and billing management
Enhanced scalability and agility with cloud adoption
Data transformation
Built a data lake for analytics and AI
Ensured seamless data migration with AWS tools
Enabled automated digital policy management
Implementation approach
1
Foundation setup
Built a secure data lake
Integrated AWS for seamless operations
Created scalable data stores
2
Data migration
Transferred data via AWS DMS and Glue ETL
Maintained accuracy throughout
Ensured consistency with CDC
3
Digital transformation
Migrated policies to Guidewire 10
Optimized storage with S3 to RDS shift
Automated policy document generation
The impact
Driving growth through digital transformation
20% Faster product launch
Quicker time-to-market
Adapted to market needs
Enhanced product agility
18% Improved user experience
Smoother policy conversion
Optimized digital access
Higher customer engagement
Increased policy sales
Data-driven decisions
Expanded product offerings
Better pricing and underwriting
Looking ahead
Enhanced automation
Streamline operations with AI-driven workflows
Advanced analytics
Leverage data insights for smarter decision-making
Seamless scalability
Future-proof systems to support business growth
