As part of its business transformation initiative, Amelia, Ohio-based American Modern Insurance Group (a subsidiary of the Midland Co., $54.2 million net income in 2004) licensed Hartford-based The Innovation Group's (TiG) TiG Conversion. The solution is a combination of technology and process that enables rapid and accurate conversion of legacy data, according to TiG.
"The cost and complexity of converting the data of large systems is a significant and often underestimated part of project budgets," says John Campbell, senior vice president and CIO, American Modern. "The reason is that source data is often segregated through multiple disparate systems and the new target environment is invariably more advanced. These variances require sophisticated rules to ensure data is transferred, cleansed and verified."
"American Modern and TiG have been working together for several months in the policy administration and business system conversion area," relates Campbell. The deployment lays the groundwork for subsequent implementation of new business environments, such as TiG Policy or TiG Claims, according to TiG.
Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio