How a P&C Insurance Company Modernized its Unwieldy Data Management Strategy
For over 160 years, the company has provided insurance and casualty products to customers from all walks of life and in all industries. It insured businesses as they moved West after the American Civil War. It added off-shore assets by appointing an agent in London, England, in 1886. It branched out with new agencies and lines of coverage, including issuing some of the first auto policies in Detroit in 1915. The list of its accomplishments continues: the company is now focused on domestic business operating in Commercial Lines in all continental states and Personal Lines in 20 states.
The company’s CIO was very aware of how their legacy systems were hampering business activities. He himself has technical expertise in a dozen sophisticated data system practices, including Enterprise Data Management, Cloud & Digital Transformation, and IT Operations. He could see how the embedded bottlenecks and inefficiency in their technology had accumulated over the course of decades. And as a leader, of course, he wanted to save costs and improve productivity. But he also wanted a strategy for the future, so the company’s business units and the enterprise as a whole would be prepared to manage emerging insurance and related issues evolving in the marketplace.
Download our case study to learn how our client was able to develop a company data management strategy regarding their approach and technology stack to save costs and create efficiencies, and also trust their data’s quality as a single source of truth for the organization to perform the type of analytics their leaders required to achieve their business goals.
The case study provides details around:
- The Challenges – The client was faced with a number of challenges including the myriad technologies across business verticals without a cohesive data management and analytics strategy.
- Why Datavail? – Our capabilities include data mapping services; systems design expertise; system build, code, and testing abilities; data management services; business intelligence skills; digital ETL; and vast expertise and experience in data storage, reporting, and analytics tools.
- The Solution – Datavail’s careful, systematic evaluation and implementation of the system-wide project successfully transitioned, retired and created foundational solutions providing service and support to its clients and customers, and much more.
- Ongoing Partnership – Datavail provides ongoing support services for the client’s data management and analytics platforms, including 24/7 maintenance support across the company’s enterprise.
Ready to learn how Datavail can help with your data management and analytics strategy and technology? Contact our team of experts today for a chat about your business goals and requirements.
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