All existing and current fund-linked contracts needed to be migrated to a new system within one year, because the existing management contract was expiring and could not be renewed.
With the help of MIGSuite, Barmenia Versicherungen was able to transfer all contracts to the new in|sure PSLife life insurance policy contract management and benefits system in a technically correct and audit-proof manner.
All contracts were fully migrated on time. This allowed the costs of non-migrated contracts caused by missing the deadline to be avoided.
A migration project with a tight timeline and a hard deadline ends on time and within the budget. The migration tool MIGSuite established the technical framework process, so development could be fully focused on business logic implementation. MIGSuite solves technical challenges such as transaction security, checksum mechanisms or secure logging.“
The PDF document contains the complete case study of the client Barmenia Versicherungen, with the challenges, solutions, project timeline and outcome of the "Contract migration on time" project.
Barmenia Versicherungen is an independent insurance group based in Wuppertal, Germany. The group includes Barmenia Allgemeine Versicherungs-AG, Barmenia Lebensversicherung a. G., and Barmenia Krankenversicherung AG. The managing company is an association, Barmenia Versicherungen a. G. Around 3,800 office and field employees and numerous brokers manage a portfolio of more than 2.3 million insurance contracts. The group works based on the principle of being a reliable partner to its customers and offering the best solutions. The product landscape is complemented by many digital services. At Barmenia, customers treated like people: Simple. Humane.