Cynosure-Core-Transformation
Core System Transformation using the Guidewire Insurance Platform
Generate sustainable profitable growth and achieve operational efficiency.
Core Insurance systems transformation using the Guidewire Insurance Platform requires a clear focus on business outcomes as well as technical know-how. With the necessary business transformation strategy, decisions made can minimize change control, reduce delivery timescales and control cost over-runs later in the current and future releases. Insurance carriers need to transform their core operations to drive efficiencies, cut costs, differentiate themselves and to generate sustainable profitable growth and achieve operational efficiency. We use the powerful Guidewire Insurance platform, to work closely with you to get the project estimated, staffed, the business processes implemented, the knowledge transferred, and organizational change process established.
Key Performance Indicators
Business agility
The benefits of enhanced agility, include higher revenues, more satisfied customers and employees, improved operational efficiency, and a faster time to market. To survive and thrive these days, companies must quickly adapt, pivot, and course-correct.
Time to market
Business expectations will usually exceed the IT team's capabilities. Software developers are spending more time on managing the production applications, managing environments and manually testing each change. Cynosure has established processes for these and more to get your IT to respond faster to business changes.
Increase market share
Create intelligent rating processes, which can be updated rapidly, consider straight-through processes for underwriting/claims/billing, increase external automation for additional data for simplified quoting/issuance. Build up/cross sell opportunities with product design.
Efficiency improvements
Constantly monitor processes being moved from legacy to the new platform. Often certain processes may not be explainable besides a "we've always done it this way". Ask why and if it can be simplified. Every process automated increases productivity and in many cases customer satisfaction.
Deliver on-time and on-budget
There's often a tendency to increase scope on each story by adding incremental changes and budgets can be easily jeopardized without appropriate controls in place. Cynosure recommends a strong program management and change governance in place to ensure all changes are have the appropriate overarching visibility.
Business agility
The benefits of enhanced agility, include higher revenues, more satisfied customers and employees, improved operational efficiency, and a faster time to market. To survive and thrive these days, companies must quickly adapt, pivot, and course-correct.
Time to market
Business expectations will usually exceed the IT team's capabilities. Software developers are spending more time on managing the production applications, managing environments and manually testing each change. Cynosure has established processes for these and more to get your IT to respond faster to business changes.
Increase market share
Create intelligent rating processes, which can be updated rapidly, consider straight-through processes for underwriting/claims/billing, increase external automation for additional data for simplified quoting/issuance. Build up/cross sell opportunities with product design.
Efficiency improvements
Constantly monitor processes being moved from legacy to the new platform. Often certain processes may not be explainable besides a "we've always done it this way". Ask why and if it can be simplified. Every process automated increases productivity and in many cases customer satisfaction.
Deliver on-time and on-budget
There's often a tendency to increase scope on each story by adding incremental changes and budgets can be easily jeopardized without appropriate controls in place. Cynosure recommends a strong program management and change governance in place to ensure all changes are have the appropriate overarching visibility.
