Smart Solutions For Smart Conversions
Smart Solutions For Smart Conversions
Press Releases
Project included conversion of 30,000 fixed annuities
ADDISON, Texas
Universal Conversion Technologies (UCT), the recognized expert in insurance industry data conversions, today announced that the Great American Financial Resources®, Inc. (GAFRI) conversion project has been successfully completed. The project included the conversion of 30,000 fixed annuity policies, from a recent acquisition, to the PDMA LifePRO® system, GAFRI's primary administration system for all lines of business.
UCT provided their consulting expertise for the data mapping and project management, and their Data Conversion Architect (DCA) conversion tool to perform the data transformation process. According to Jeff Wolverton, GAFRI's Chief Information Officer, "One of our primary strategic objectives is to grow our business through acquisition. In order to do that effectively, we need to be an organization that is nimble and efficient enough to quickly respond when the opportunities arise. Working with UCT and the tools that they provide allow us to do just that. We can quickly incorporate newly acquired blocks of business into our existing LifePRO® environment, enabling a highly cost-effective and time-efficient single platform environment."
Dale Wilcox, Vice President of Strategic Systems and Model Office, commented, "When we began a search for a partner to assist with this conversion, I immediately thought of UCT due to their excellent reputation in the industry as a highly experienced conversion vendor. UCT provided knowledgeable resources that performed the initial data mapping and trained our staff on the DCA tool. After one day of training, our staff was able to make complex data mapping changes. UCT and DCA were critical components in making this conversion very successful." Jerry Kaul, UCT's Chief Marketing Officer, added, "We thank GAFRI for selecting UCT as their conversion partner on this project. It was a pleasure working side-by-side with their team on this sizable conversion effort. We look forward to another opportunity to work with GAFRI as they grow their business through additional acquisitions."
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.
Great American Financial Resources®, Inc. (GAFRI), which is headquartered in Cincinnati, Ohio and publicly traded on the New York Stock Exchange (NYSE:GFR) and has assets in excess of $11.5 billion as of December 31, 2004. Through its subsidiaries, GAFRI markets retirement annuities and other life and supplemental health insurance.
For additional information, contact Rae Albertini at 214-348-2000.
LifePRO® is a registered trademark of Professional Data Management Again, Inc.
Great American Financial Resources®, Inc. is a registered service mark of Great American Insurance Company.
