Transformation and modernisation of core insurance systems

Transformation and modernisation of core insurance systems

Implementation of the full Guidewire InsuranceSuite on the Cloud

One of France’s largest insurance companies wanted to transform its business core systems to be able to accelerate the time to market for new commercial auto products.

General Data Protection Regulation – a route to nirvana for client data

Cost reduction

Lower TCO

Increased efficiency

Faster time to market for new products

Customer satisfaction

New digital and multichannel capabilities

Partner

Guidewire

Software company Guidewire operates a cloud platform for property and casualty insurers in the US and worldwide.

Challenge

Modernise core insurance systems to accelerate time to market of new products

One of France’s largest insurance companies wanted to transform its business core systems to be able to accelerate the time to market for new commercial auto products.
The new core system had to respond to the requirements of the digital era, in particular with regards to multi-channel capabilities, automation and product flexibility.
GFT validated that the Guidewire suite could support the insurer's future business intents and business model.

Engagement

Implementation of the full Guidewire InsuranceSuite on the Cloud

GFT designed and leads a 3+ year full business and IT transformation roadmap
Multidisciplinary and agile implementation teams in France, Canada and Poland, involving project managers, insurance business experts and Guidewire/technical professionals.
A first release of two new commercial auto products, including an upgrade from v9 to v10, executed on a 10 months timeframe.
Complex environment of 220+ Integration points
Build new product models, Business Gap Analysis, Guidewire functional/technical training and Full inception leading to staffing and implementation plan of Guidewire PolicyCenter, ClaimCenter, BillingCenter, Digital Portals, Datahub and GuidewireSuite Integration.
Customer Data migration projects (greenfield, customer, billing, policy, claim) using Big-bang and on-renewal approaches
Moved from on-premise to cloud infrastructure during implementation and currently building a DevOps practice

Benefit

Greater business agility to rapidly launch products, using digital channels, in response to market demand

New digital and multi-channel capabilities
Automation and flexibility regarding product offerings per distribution channels
Lower TCO by moving to Guidewire cloud offering and AWS infrastructure
High performance, highly available solution