Successful Track Record in Life & Annuity Business Migration and Conversion:
TLAG teams have successfully implemented over 40 business migration and conversion projects. Our conversions have ranged from 5,000 highly complex specialty products to a platform consolidation for 500,000 Life & Annuity contracts. We have a vast array of experience with a variety of migration and conversion scenarios:
Every type of conversion: File-to-File; Full Transaction history; Point-in-Time with limited history
All Product types: From Simple Term Products to the most complex COLI and Hedge Fund based products
Hundreds of Plan Types
Conversions from every major source system to every major target system
Various project sizes and project timeframes
Proven, Repeatable, Scaleable Methodology: We understand the insurance business and deliver a proven approach to support your migration or conversion. Our highly skilled and experienced staff executing our best practice methodology delivers the right support to meet your business needs
Vast Insurance System Experience: Through our many years of successful implementations and business migrations TLAG has gained experience with all Major Insurance Administration Systems, Reinsurance, Compensation, Accounting and other legacy systems. We understand the business and the applications that support it.
TLAG puts an emphasis on product knowledge. Our deep understanding of products and how they are supported throughout the enterprise is what differentiates TLAG from other firms. Our extensive product knowledge includes:
• Variable Annuity
• Fixed Annuity
• Hedge-fund Annuity
• Private Placement
• Traditional Whole Life
• Term
• Interest Sensitive Whole Life
• Universal Life
• Variable Universal Life
• COLI
• BOLI
• 401(k)
• 403(b)
• SEP
• IRA