The Client, an alliance of three regional insurance companies, provides Insurance for homes, auto, businesses and farms.
The Carrier’s Business Leaders’ had a vision of combining their rural American culture with advanced technology to provide excellent products and services to their policyholders and independent agents.
To align with this vision, the CIO embarked on an end-to-end system replacement program taking a best-of-breed approach. SOA served as a foundation to enable them to implement new solutions.
This Carrier was facing high costs associated with maintaining multiple systems; too often the company was rebuilding functionality it already had created.
Instead of having rating logic embedded in their legacy system—which was slated for replacement, a policy administration system for BOP and a home-grown policy admin system, the Carrier sought to:
ValueMomentum implemented iFoundry Rating Engine, aligning with their SOA strategy. The Solution: