Legacy Modernisation for UK Insurance — FCA ICOBS Built In
ClickMasters provides Legacy Modernisation for UK Insurance businesses with FCA ICOBS, Consumer Duty compliance from Sprint 1.
Key Highlights
Compliance
+2 more standards
Pricing
Legacy Modernisation for Insurance — UK Specifics
Insurance Legacy System Landscape
UK insurance legacy landscape: OASYS (legacy general insurance platform — 1980s), Oracle Insurance Policy Administration, CSC Unison, Solcara (claims management, widely deployed), Guidewire PolicyCenter/ClaimCenter/BillingCenter, Duck Creek Platform, and bespoke AS/400 and COBOL systems. Legacy insurance systems typically have: deeply embedded business logic (30+ years of regulatory changes), complex data models (policy structures vary significantly by product), and monolithic deployment (no API layer for modern integration).
Policy Administration System Migration
Legacy PAS migration: the highest-risk insurance legacy modernisation. Migration pattern: new PAS receives new business from go-live date, legacy PAS runs in parallel for in-force policies (renewed one at a time to new PAS over 2–3 years), legacy PAS decommissioned when last policy expires or is migrated. FCA ICOBS compliance during migration: both systems must be ICOBS compliant at all times — no gap where policies are partially migrated.
Claims System Modernisation
Claims management legacy replacement: key considerations are claims lifecycle complexity (notification, validation, assessment, settlement, recovery), integration with external databases (CUE Claims Underwriting Exchange, ICA, MOJ portal for personal injury), and the reserves data (financial provisions for outstanding claims — Solvency II QRT reporting). Claims data migration: actuarial sign-off required for reserves accuracy.
UK GDPR Consent and Legacy Insurance Data
Legacy insurance systems often hold policyholder data processed under pre-GDPR consent or no-longer-valid legal bases. Legacy modernisation is the opportunity for a GDPR data audit: categorise all personal data in legacy systems, identify legal basis for processing, data that lacks a valid basis → delete (do not migrate), and update privacy notices. ICO enforcement priority: insurance sector personal data handling is actively monitored.
Compliance
FCA ICOBS
Consumer Duty
Solvency II UK
UK GDPR
Lloyd's
Cyber Essentials
Compliance & Regulations
Every solution we build for this industry is designed to meet the following regulatory and standards requirements.
FCA ICOBS
Consumer Duty
Solvency II UK
UK GDPR
Lloyd's
Cyber Essentials
Investment Options
Flexible engagement models tailored to your insurance project requirements.
£35,000–£180,000
Full engagement
- Industry-specific approach
- UK GDPR compliant
- Dedicated technical lead
£3,500–£8,000
Scoping
- Industry-specific approach
- UK GDPR compliant
- Dedicated technical lead
from £2,000/mo
Ongoing support
- Industry-specific approach
- UK GDPR compliant
- Dedicated technical lead
What Our Clients Say
Success stories from clients in insurance industry.
“ClickMasters transformed our digital infrastructure. Their understanding of UK fintech regulations saved us months of compliance work.”
Sarah Mitchell
CTO, FinTech Solutions Ltd
“The team's expertise in NHS integrations and DTAC compliance was invaluable. They delivered on time and within budget.”
Dr. James Cooper
Medical Director, HealthFirst UK
“Their grasp of FCA requirements and insurance sector nuances helped us launch our platform 40% faster than expected.”
Michael Brooks
CEO, InsureTech Pro
Frequently Asked Questions
Common questions about insurance software development.
How long does an insurance legacy system modernisation take?
Legacy insurance PAS migration: 18–36 months for a mid-size insurer (50,000–500,000 policies). Complexity drivers: number of product lines, number of years of policy data, complexity of claims data, and integration with Lloyd's/IFoA/CUE. ClickMasters conducts a Technical Discovery (£3,500–£8,000) to assess the specific legacy system and provide a realistic fixed-price proposal with phased delivery.
What is the biggest FCA risk in insurance legacy modernisation?
ICOBS compliance gap: during migration, any period where policies do not have clearly auditable ICOBS compliance records is a regulatory risk. FCA expectation: continuous compliance — not "compliance resumed after migration." Mitigation: parallel running period (both systems compliant), FCA supervisory notice filed (for significant system changes), and compliance team oversight throughout migration.
Related insurance Services
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