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Data Transformation: Coforge's Managed EDW Services Revolutionize Operations for Leading Insurer

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Overview.

A prominent insurance provider faced significant challenges in managing their Enterprise Data Warehouse (EDW) operations, including lack of critical system documentation and a dynamic application landscape. Seeking to overcome these issues and improve efficiency, they partnered with Coforge for comprehensive managed services. Coforge seamlessly transitioned into managing the client's EDW operations, implementing innovative solutions to boost efficiency, enhance decision-making capabilities, and streamline data management in the competitive insurance industry landscape.

Challenges.

  • Absence of critical system documentation (data dictionaries, feed designs) 
  • Dynamic and ever-changing application landscape 
  • Aggressive knowledge transfer timelines 
  • Inefficient incident and problem management 
  • Poor SLA adherence 
  • Lack of clear ownership and accountability for tasks and enhancements 

Solution.

Coforge implemented a comprehensive managed services approach: 
  • Created executive dashboards for real-time insights 
  • Developed comprehensive reporting mechanisms (operational, statutory, strategic) 
  • Introduced rule-based scoring for quotations and policies 
  • Derived business-specific KPIs for performance assessment 
  • Streamlined incident and problem management 
  • Established clear ownership and accountability for tasks 

Key highlights: 

  • Empowered leadership with real-time decision-making capabilities 
  • Provided deeper insights into business operations 
  • Validated and compared rates through rule-based scoring 
  • Assessed performance in renewals, expired policies, and premium changes 

The Impact.

50% 80% 98%
Reduction in Turnaround Time (TAT) Manual Processes Automated SLA Achievement for Data Loads

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