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Universal Conversion Technologies Joint Partnership with NISSAY IT
|By PR Newswire
|August 11, 2014 10:10 AM EDT
SOUTHLAKE, Texas, Aug. 11, 2014 /PRNewswire-iReach/ -- NISSAY IT has signed a "Comprehensive Joint Business Agreement" with
Universal Conversion Technologies (USA) to launch 'Data Migration Services' in Japan
Nissay Information Technology Co., Ltd. (NISSAY IT, Head office in Tokyo, President: Kenichi Kobayashi) and Universal Conversion Technologies, L.P. (UCT, head office in Texas, USA, CEO: Dan O'Hara) today announced a comprehensive partnership agreement to deploy data migration services in the Japan market.
Under the framework of the partnership, both companies have signed a comprehensive joint business agreement to incorporate UCT's innovative data conversion tool (DCA) and rich insurance and data migration knowledge and experience in the US market with NISSAY IT's proven insurance expertise and knowledge and large-scale system integration project management skills in the Japanese market.
Japan may currently have the world's second largest volume of ANP (Annualized New business Premium) in the Life & Annuities market after the USA. In the Japanese insurance market, there is a growing need to innovate in competitive business areas and to invest to create new business. At the same time, most Japanese life insurers are being confronted with the various issues and problems related to the increasing maintenance cost of non-competitive business areas such as rigid legacy Policy Administration Systems (PAS)
This "Data Migration Solution" is composed of an innovative data conversion tool, rich expertise, and a proven methodology. It combines the strength of both UCT and NISSAY IT and resolves the issues related to data migration and system reconstruction on mission-critical systems such as PAS - issues that have been considered extremely difficult to resolve in the Japan market. This solution will help Japanese customers reduce the maintenance costs of their non-competitive business areas and allow them to shift more IT budget toward innovating in the competitive business areas.
*The names of the company and product stated in this press release are registered trademarks of respective owners.
Nissay Information Technology Co., Ltd.
Since Nissay Information Technology Co., Ltd. (NISSAY IT) was founded in 1999 as the strategic IT arm of Nippon Life Group, NISSAY IT has provided comprehensive system integration services including system development, network design, and outsourcing to customers in the insurance, financial, medical industries as well as many other industries. NISSAY IT's services address life insurers' business processes and systems such as policy administration, sales support, asset management, and medical / long-term care. In addition, NISSAY IT applies a new and advanced business model to speed high quality IT services to its customers.
Universal Conversion Technologies, L.P.
Since Universal Conversion Technologies, L.P. (UCT) was founded in 1992, UCT has been the leading data migration service provider in the global financial services market. UCT is dedicated to the delivery of successful data migration projects and has completed more than 200 projects for world-class financial service customers mainly in North America. UCT is known as the most reliable data migration vendor in the United States and is an Oracle PartnerNetwork Gold Partner. Its solution combines an innovative toolset (DCA), Business Analysts and Programmer Analysts with extensive insurance and migration expertise, and a proven Agile Methodology.
Contact(s) Information for this News Release
Universal Conversion Technologies, L.P.
President Rae Albertini: [email protected]
Nissay Information Technology Co., Ltd.
Corporate Planning Dept, Planning Group, Hiroshi Yazaki: [email protected]
Contact(s) information for the solution
Nissay Information Technology Co., Ltd.
Insurance Solution Dept Hiroaki Kinoshita: [email protected]
Business Consulting Dept Masafumi Hashimoto: [email protected]
Media Contact: Rae Albertini, Universal Conversion Technologies, (817) 705-6462, [email protected]
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SOURCE Universal Conversion Technologies
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