Guidewire Data Conversion Approach Paper

Guided data conversion to

Guidewire PolicyCenterTM
Proven framework, accelerators and best practices for seamless automated
data conversion.
 Guidewire InsuranceSuite™ enhances P&C insurers’ Data conversion to Guidewire comes with its own set of challenges. Unless it is properly planned and
executed by experts, insurers can risk effort, cost and schedule overruns, an incomplete and failed

ability to engage and empower their customers conversion, data loss and business bandwidth overhead, which can jeopardize the whole Guidewire
program. Insurers must have the correct strategy and process in place for converting data from source(s)
and employees by combining three elements— to Guidewire. That is where Cognizant can help. As one of the world’s leading insurance technology
advisers, we have a time-tested reusable framework, accelerators, best practices, and a trained and certified
core processing, data and analytics, and digital resource pool to help insurers of any size successfully convert data from legacy to Guidewire within their
planned budget and timeline.
engagement—into a technology platform. While Before beginning a data conversion to Guidewire, we suggest that insurers discuss and answer the
Guidewire has been an effective replacement for following key questions:

legacy applications developed internally by insurance 1.

2.
How do you plan a data conversion program?
What are the considerations for data conversion?
carriers, data conversion to Guidewire remains one 3. How will you do the conversion?

of the less published topics. In this document, we

HOW DO YOU PLAN A DATA CONVERSION PROGRAM?
will discuss policy data conversion to Guidewire More often than not, data conversion is just an afterthought of product configuration and all the initial
PolicyCenter. focus is on the Guidewire product implementation. Such a philosophy can lead to a risky situation, possibly
causing effort and cost overrun issues and a failure in data conversion.

As part of an insurer’s policy transformation journey, It is recommended to treat data conversion as an important process from the initial planning phase and
involve a data conversion specialist beginning with the product requirement analysis, gap analysis and
legacy and/or in-house policy administration systems product configuration workshops.

are replaced by Guidewire PolicyCenter. The policy-

related data needs to be sourced from various systems
and converted to a format that can be consumed
by Guidewire PolicyCenter. This is not an as-is data
movement; hence, the term “data conversion” is more
apt than “data migration.”
Data conversion activities start as
early as gap analysis and run
parallel until decommission

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 WHAT ARE THE KEY CONSIDERATIONS FOR POLICY DATA CONVERSION? HOW WILL YOU DO THE DATA CONVERSION?
It is important to carefully assess what data needs to be brought in from legacy source systems to Guidewire We see data conversion programs struggling with some typical challenges across the globe: lack of
PolicyCenter for immediate business needs, future needs, analytical needs, regulatory compliance, etc. documentation, unavailability of legacy subject-matter experts, source data quality issues, data not
reconciling, risk of data loss and risk of cost/effort/schedule overruns, etc.
What do you need to convert?
√ Active policies and active customers Guidewire PolicyCenter offers standard out-of-the-box features that are customized or enhanced per
 √ All policies and claims business requirements. Guidewire PolicyCenter requires data in a predefined structure for successful
 √ Active claims loading into Guidewire. This structure is standardized by Guidewire product but subjected to change as a
result of customization of the product; hence, it may need redesigning in certain cases.
What are your decision points?
A successful data conversion needs an architecture that can seamlessly integrate and transform data from
 √ Policy data should migrate on renewal? Or a big bang approach for all policies? various source systems to the Guidewire expected format.
 √ Which data should you archive, how old should the data be that you archive and how should
you archive? Leveraging the experiences of many successful Guidewire PolicyCenter data conversion programs,
 √ Which policy admin systems should be converted? Which ones should be archived? Cognizant created the “Guidewire Data Conversion Framework (GDCF).”

Key considerations for a successful conversion:

1 2 Scalable -
3 Accelerated
Technology Agnostic -
The generic solution √ Any number of Development -
can be deployed in source systems Armed with migration
any industry-standard √ Variety of source enablers, accelerators
technology platforms and best practices
(legacy/in-house)

6 Enforced Quality 5 Easy Handshake - 4 Ahead of the Race -

Gate - Can seamlessly call Prebuilt customizable
Efficient interface control web services for framework for data
for source metadata to profiling and cleansing,
identify potential source information
enrichment audit, error,
data issues
reconciliation

7 Target Relevance -
1
Staging layer aligned
with Guidewire
capabilities and
domain functionalities

Guidewire data conversion needs to follow a robust, automated data conversion framework that will:

 √ Be technology-agnostic and reusable

The above key considerations for policy data conversion will help you decide whether to go for a manual,  √ Identify data issues upfront
automated or hybrid approach. The manual approach is viable for insurers with low policy volume. For an
 √ Reduce the cost and time of data conversion
automated conversion approach, the options to choose from include On Renewal, Big Bang, Guidewire
DataHubTM On Renewal and Guidewire DataHubTM – Inforce.  √ Provide transparency in data conversion via end-to-end reconciliation across all layers of data
The most common approach for policy data conversion is on renewal, wherein all the policies are not movement
converted in a big bang approach; rather, policy data is converted over an extended period of time (for
 √ Ensure successful data conversion
example, one year) based on the renewal periods. All policies with a renewal date within a certain time frame
(for example, six weeks) are considered for conversion. Depending on the policy volume of each product, Cognizant’s GDCF offers all of these, which helps customers circumvent on-the-ground challenges.
the hybrid approach can be considered as well. This document focuses on the automated data conversion
approach, which can accommodate both the on renewal and big bang approaches.

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 WHAT SKILL SETS ARE REQUIRED FOR THE DATA CONVERSION?
Data conversion to Guidewire requires specific roles and skills. Our experience suggests that successful
data conversions require the right talent in the right roles. These include Guidewire data architects; data
conversion specialist; business analysts; data analysts; extract, transform, load (ETL) developers; ETL testers;
functional testers; project managers; and data management and delivery specialists. While the depth and
breadth of each role is largely based on the scope of the conversion, the lines of business, etc., having the
right people in the right location with the right skills is absolutely essential.

ABOUT COGNIZANT INSURANCE’S PRODUCT DATA GROUP

Cognizant’s Insurance practice is one of the largest industry verticals that partners with insurers to evolve
their business and technology landscape and to enable end-to-end digital transformation. Thirty-three of
the top 50 U.S. insurers and seven of the top 10 global insurers rely on us to help manage their technology
portfolio across multiple business entities and geographies.

Cognizant’s product data group, a specialized group of trained and certified product data professionals,
provides data conversion and integration of insurance commercial off-the-shelf (COTS) products to P&C
insurers.

We have delivered umpteen data conversion and integration engagements worldwide—we have converted
and integrated more than 50 products, more than 7 million policies and more than 15 million claims. We
work across COTS products, but 80% of our programs are on Guidewire.

We have proven, time-tested frameworks and accelerators and have an experienced resource pool.

Our ever-expanding customer base and proven track record of repeat business are a testament to our
unmatched delivery excellence.

Learn more about Cognizant’s Insurance practice at http://www.cognizant.com/insurance. Talk to us today

about how Cognizant’s approach to Guidewire implementations can help you transform your organization
to compete in today’s challenging environment. Reach us at: Guidewirecenter@cognizant.com.

6  Guidewire Data Conversion Get

Guidewire
quality right,
Datathe first time  7
Conversion 
About Cognizant’s Insurance practice
Cognizant is a leading global services partner for the insurance industry. In fact, seven of the top 10 global insurers and 33 of the top 50 U.S. insurers
benefit from our integrated services portfolio. We help our clients run better by driving greater efficiency and effectiveness while simultaneously helping
them run differently by innovating and transforming their businesses for the future. Cognizant redefines the way its clients operate—from increasing
sales and marketing effectiveness, to driving process improvements and modernizing legacy systems, to sourcing business operations. Visit us at
www.cognizant.com/insurance-technology-solutions.

About Cognizant
Cognizant is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital
era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered
in the United States, Cognizant is ranked 194 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how
Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant.

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