Converting 350K Life Policies | UCT
Title
10.08.2017 to 22.08.2017
at P3

THE PROBLEM:
Convert 350,000 UL and VUL policies to a new administration system with minimal impact on customer service

A major US life insurance provider was looking for a turnkey data conversion solution that included modifications, interfaces, and conversion services. After more than two years and several iterations, their own in-house study concluded that the job required a three-phase effort totaling 30 months and millions of dollars. When three major consulting companies were called in, two stated that the timeline was too short and the budget too small. The third simply refused to bid. Then UCT stepped in, with a bid of 14 months and only 75% of the provider's own projected budget...