Smart Solutions For Smart Conversions
Smart Solutions For Smart Conversions
Press Releases
Conseco’s business simplification initiative includes four data conversions to consolidate Conseco’s health business
Addison, TX, August 26, 2003 – Universal Conversion Technologies (UCT), the recognized expert in insurance industry data conversions, today announced that it has been selected by Conseco as the solution provider and integration project manager for Conseco’s initiative to convert existing health business. This conversion project is in support of Conseco’s business simplification effort, which includes consolidating Conseco’s numerous health administration systems down to two, while lowering administrative and operational costs and enhancing data mining.
The data conversion project, started in mid-July, will include a total of four conversions and will be completed in phases over a 16-month timeframe. In addition to the use of UCT conversion software and expertise, UCT will also be managing the overall integration effort.
Gary Brown, chief information officer with Conseco, commented, “Conseco selected UCT to spearhead this conversion effort due to its reputation as the expert in insurance data conversion, as well as its track record of delivering quality results on time and on-budget. We anticipate significant operational cost savings from this project and a much simplified business process, making Conseco even easier to do business with for both our distribution partners and our policyholders.”
Jerry Kaul, UCT’s chief marketing officer, added, “We are very pleased that we have been selected by Conseco, and we look forward to working with their staff on this project. The effort is already well underway, with the first conversion in progress and the second conversion on track to begin in late August. We appreciate Conseco’s confidence in our experience, our staff, and the conversion tools that we bring to the effort.”
About Conseco
The Conseco insurance companies serve nearly 5 million customers across America. Conseco’s cancer, heart/stroke, accident and Medicare supplement policies protect people against major unplanned expenses; Conseco’s annuities and life insurance products help people plan for the financial future. For additional information, visit Conseco’s Web site at www.conseco.com.
About Universal Conversion Technologies
Established in 1992, UCT is the recognized leader in providing data conversion software, services and methodology for the insurance industry. With hundreds of successful conversion projects completed, UCT boasts an extensive and impressive client list, including: MONY, Nationwide, Aegon, Allianz, Conseco, ING, Allstate, Swiss RE, GE Capital, Thrivent and more.
