Gartner Research

Minimizing the Risks Associated With North American Life Insurance Policy Data Migrations and Conversions

Published: 06 July 2015

ID: G00275045

Analyst(s): Steve Horneman

Summary

The migration and conversion of sensitive, highly regulated policy information are complex and challenging for life insurers. Our process and best practices for migrations and conversions will help North American life insurance CIOs minimize the risks and reduce the costs of these critical projects.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • Work With Key Stakeholders to Ensure That Any Migration and Conversion Project Is Driven by Business Requirements
  • Evaluate Business Processes and IT Organization Capabilities to Determine and Prepare for the Impact of Migration and Conversion
  • Look for Migration and Conversion Technologies That Leverage Industry Standards and Reusable Components
  • Follow a Phased Data Migration Approach to Ensure a Smooth Transition, and to Reduce Project Risks

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