According to Innovation Group, the updated Conversion leverages the Innovation Insurer enterprise data model as the central reference data model for standardized data definitions, data formats and data relationships to ensure data consistency. The data model is extendable in an effort to accommodate unique data elements used within an insurer's business.
Insurer Conversion includes a toolkit and methodology—EMILA—that leverages best practice processes and routines.
The acronym stands for: Extract, the retrieval of data from legacy systems based on pre-agreed exclusion criteria with a fully reconcilable audit trail and set of reports; Map applies target validation and data mapping rules; Integrity allows the creation of tables being representations of the target system; Load is the creation of load files in a format ready for load to target tables using the representation provided by the integrity stage; and Audit allows the creation of all required counts, calculations and formulas required to confirm the success of the conversion, while providing functionality to reconcile the figures and report both successes and failures at all stages of the process.
