Unifying business operations
Unifying business operations by designing and implementing a revised infrastructure to support the merger of three major life and pension companies.
A leading bank merged three life assurance companies together, which resulted in the use of three disparate unit pricing funds.
The bank need to implement a revised infrastructure to provide one seamless pricing process.
Assessing the current infrastructure a solution was devised, which could work across all operations.
Implementing the new solution involved changes to the core policy administration systems as well as implementations of new box management, fund accounting and pricing systems.
Through the deployment of a single pricing system the bank eliminated its disparate architecture enabling it to improve workflows and gain a more holistic view of pricing.