A large Commercial P&C Insurance company was looking to significantly reduce manual policy contract updating processes as part of their technology transformation. Due to the fragmented nature of policy information documentation & storage, the company faced a challenge to comprehensively identify and understand risk, or facilitate automated custom-specific policy creation. As policy data is held in separate system, platforms and documents (schedule, wording, endorsements) and data is fed an re-fed across a number of platforms and systems across the value chain this creates inefficiencies, duplication and errors.
