Case Study: Universal Conversion Technologies helps a Tier 1 North American carrier migrate 439,000 policies to OIPA with Equisoft

How a Tier 1 Carrier Moved 400,000+ Policies to a Modern PAS

A Tier 1 North American carrier was facing high costs and operational risks from its many legacy policy administration systems, which prevented product innovation and modern digital service. To address this, they chose to consolidate their infrastructure into a single modern Oracle Insurance Policy Administration (OIPA) platform and engaged EquiSoft for the implementation and integration, with a key challenge being the secure migration of over 1.8 million in-force policies.

EquiSoft, leveraging the specialized data migration expertise of its subsidiary Universal Conversion Technologies (UCT), executed a streamlined migration using proprietary tools and methodology. Despite challenges with an operational data store source, the EquiSoft and UCT team successfully migrated 439,000 policies and millions of associated data records. This allowed the carrier to retire its old systems, achieving significant cost savings, improving data quality, and unlocking the full potential of their modern PAS for more efficient workflows and future growth.

Universal Conversion Technologies