Leading Lloyds Insurer: Savings of £40,000 per year
200k+ savings over 5 years for this leading underwriter.
Our customer had a legacy system holding a lapsed book of commercial business.
The software vendor was quoting £250,000 for a 5 Yr. fixed contract. As this is all historical policy data there was no future processing required.
Every single item of data can be stored in the IDS Insurance Data Archiver for compliance saving the client in the region of £200k and giving user fast access to information and documents in the event of a query or dispute.