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Revolutionizing Geocoding: Insurance Leader Slashes Costs with Cloud Migration

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Overview.

A leading insurance provider faced a critical challenge with their Geocoding Service renewal. With an expiring contract and soaring transaction costs, the company needed to optimize operations quickly. Coforge stepped in to redesign data-intensive jobs, minimize transaction counts, and ensure business continuity. This case study explores how innovative cloud migration solutions led to significant cost savings and operational efficiencies. 

Challenges

  • Expiring Geocoding Service contract with high renewal costs 
  • High transaction count of 1.4 billion driving up expenses 
  • Need to minimize transaction counts and redesign data-intensive jobs 
  • Tight deadline for implementation 
  • Ensuring business continuity during the transition 

Solution

Coforge implemented a comprehensive approach to optimize Insurance provider’s Geocoding Service: 

  • Conducted end-to-end flow mapping of service calls and jobs  
  • Performed deep interrogation of service calls to understand input/output parameters and data volumes  
  • Redesigned and eliminated multiple calls/jobs and algorithms to reduce transaction counts  
  • Collaborated closely with end users and vendors for effective implementation  
  • Ensured contractual compliance by bringing transaction count within limits 

The Impact.

~90%

Reduction in batch job execution time

$750K

Savings in contract costs

99.7%

Reduction in transaction processing

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