by May 31, 2010 0 comments



EGeneral Insurance Corporation of India had started the process of
computerization way back in 1987 and had developed in-house applications for
Reinsurance accounting, Investment accounting, and also for administrative areas
like personnel management, payroll and HR. These complex ranges of applications
had no standard processes for establishment of seamless integration. Due to this
the company spent great deal of time in reconciling the functional figures and
generating management reports and summaries. Due to lack of integration between
different departments, there was lot of manual work done for identification of
account posting transactions in terms of risk by underwriting department and
then the data was consolidated and fed into the system.

The company implemented SAP to streamline the various business functions. The
core module i.e. FS-RI (Reinsurance) and FS-CD (Collection and Disbursement) is
a first of its kind implementation in India. Mapping existing legacy data to the
FS-RI database was a major activity, mainly due to the reason that there was
paucity of consultants who understood the underlying RI database. Also the
legacy data had lot of errors and inconsistencies necessitating data cleansing
work before being migrated to the new system. Despite these hurdles, the company
was successful in implementing the SAP for their business processes. After SAP
implementation, GIC’s reinsurance premium income has increased year on year.

Projest Spaces
  • Project Head: NCR Delhi ( deployed in about 200 branches of
    Delhi)
  • Deployment Location: Mumbai
  • Team Size: 12
  • Tech Used: SAP R/3 4.72, HP Servers based on Itanium
    processors.
  • Expected life: 10-15 years
Implementation
Partner

Yatin Chattbar, Project Manager, Wipro

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