Universal Conversion Technologies

Discover how UCT played a central role in successfully migrating over 200,000 complex policies for this leading Tier-1 insurer. https://lnkd.in/gcvNDDgQ This Tier-1 carrier embarked on a modernization project to enhance their efficiency, consolidate their IT landscape, and leverage the advanced capabilities of modern Policy Administration Systems (PAS). As part of their modernization, they identified the need for a significant data migration from the legacy core system to the new target system. We were chosen as their migration partner due to our expertise and successful track record in executing challenging migrations.

Life insurance carriers sit on some of the richest data reserves in the world, built over decades from millions of policies and client documents. But here's the challenge: most of this valuable data remains trapped in legacy systems, preventing insurers from fully leveraging it. Discover how data migration is driving digital transformation in the life insurance industry. https://hubs.li/Q02V_v8l0 #DigitalTransformation #DataMigration #InsuranceTech #AI #CustomerExperience

Discover 11 best practices for successful insurance data migration and conversion in this article: https://hubs.li/Q02V_qVw0

"Is your organization harnessing the power of generative AI for internal use cases?" Jeffery Williams, Microsoft's Digital Insurance Leader, highlights the growing trend of companies using AI to improve employee experiences. Want to learn more? Read our full article on how to achieve data readiness for AI: Practical Advice for Insurance Companies from LIMRA, Microsoft and UCT Experts. https://hubs.li/Q02VS4P70

Why choose UCT for your data migration needs? When it comes to data migration, experience and expertise matter. At UCT, we leverage over 30 years of expertise, a cutting-edge toolset, and an agile methodology to deliver seamless migrations. Our approach focuses on empowering business experts, reusing existing components, and ensuring data is formatted perfectly for the target system. Discover how our unique methodology sets us apart and solves common data migration challenges. https://hubs.li/Q02V_85M0

If you were starting an insurance company today, AI would be at the core of every process. Yet many of today’s life insurers, despite recognizing AI’s potential, are held back by legacy systems and poor data quality. To fully capitalize on AI’s power, insurers must prioritize data readiness—transforming data into a strategic asset that drives smarter, faster decisions. Discover practical advice on how to achieve data readiness for AI from LIMRA, Microsoft, and UCT experts in our latest article. https://hubs.li/Q02VR_Yg0

As Kartik Sakthivel, VP & CIO at LIMRA and LOMA points out, AI is set to become the foundation of any modern insurance company. However, many life insurers are still facing roadblocks in fully leveraging AI and advanced analytics. Legacy systems that silo policy data and ineffective data management are holding them back. To harness AI’s full potential, insurers must prioritize data readiness—transforming data into a strategic asset that drives innovation. Looking for expert insights? Our latest article features actionable advice from LIMRA, Microsoft, and UCT experts on how to prepare your data for AI success. https://hubs.li/Q02VS3840

Recently, our President, Mike Allee, FLMI, PMP, gave an interview to AM Best on the importance of data in digital transformation projects. Mike also talked about the global research on data readiness for AI in the life insurance industry, a research conducted in collaboration with LIMRA. Watch the full interview here: https://hubs.li/Q02VhD7g0

Life insurance carriers sit on some of the richest data reserves in the world, built over decades from millions of policies and client documents. But here's the challenge: most of this valuable data remains trapped in legacy systems, preventing insurers from fully leveraging it. Discover how data migration is driving digital transformation in the life insurance industry. https://hubs.li/Q02TSGV40

Don’t miss the webinar on “Are We There Yet?”: How to meet the data challenges slowing your modernization journey”. https://hubs.ly/Q02RySG40 Register for the webinar to learn: - How to debunk common myths about data migration - How to avoid pitfalls like unforeseen costs and delays - How to leverage modern migration tools - How AI has transformed data migration processes #lifeinsurance #datamodernization #AccelerateSeries