13 August 2008 Company Announcements

 

Kognitio and Genworth Financial migrate 12 million policies

Kognitio has helped Genworth Financial claim to have migrated over 12 million payment and mortgage protection policies as part of a major programme to implement a new policy administration platform across Genworth's European operations.

The Insurance Application (TIA) platform from Danish software developer TIA Technology A/S, is being implemented across Genworth with a view to cutting costs and increasing service levels to the company's clients. Kognitio was contracted to support all the data migration requirements of the programme beginning with a detailed analysis of the source data through to migration design, testing and implementation.

As part of this project, Kognitio says it has to date migrated policies in 12 European countries, with Greece and Finland next on the list alongside additional work in the UK. As a result of the international nature of this project, the team has had to face challenges specific to individual countries, including local tax regulations, different business practices and various product sets.