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Migration of accident insurance stock

Project duration: 5 months

Brief description

Transfer of the technical ("PR") part of the data for premium refund insurance contracts for the purpose of calculating maturity payments, premium reserves, forward projection of profit, etc.

Supplement

The legal premium refund insurance data stock is to be enhanced to include technical information (see functional description). The legal data stock is managed on two host systems (IMS and DB2 databases), the technical data stock is managed by an external service provider on its Access application. This application is supplied with the necessary master data from the host systems by data transmission. The total data stock needs to be cleared of duplicates in the partner data area that are the result of redundant data storage; the host is the leading system here. This duplicate cleanup is carried out by comparing "soft" data such as the surname, name, date of birth, place of residency etc. The DB2 database is enhanced to include the necessary technical attributes; the data for the technical stock is imported to this database. The application for contract management is to be expanded to include routines for the technical parameters that need to be calculated.

Subject description

Premium refund insurance contracts consist of a technical and a legal component. The legal component corresponds in its function to a simple accident insurance policy and, in the past, it was maintained by the customer in the customer's host systems. Technical components (which correspond to those of a life insurance policy) were managed by an external service provider.  The service provider received the master data needed for managing the technical inventory by data transmission from the customer's legal inventory, and saved the data in its own database. The technical and legal values were used to externally manage from this database tasks such as calculating maturity payments and forward profit projections, through printing policies, to creating the annual balance sheets. As this procedure was very prone to errors, the technical inventory is now also managed internally on the customer's host system and the corresponding parameters are calculated.

Overview

Project period01.10.2005 - 15.02.2006

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