Policy management system for one of the largest providers of specialty insurance
About the Client
Founded in 1952, the client is represented by a network of more than 38,000 independent agencies across USA. It is one of the largest offerer of insurance products for manufactured homes, landlord properties, vacant properties, seasonal properties, RVs, motorcycles, off-road vehicles, snowmobiles, boats, personal watercraft, and collectible autos as well as programs for non-standard and mono line auto.
Rapid business growth, coupled with an upscaling agency network, meant that the client needed a Policy Management System that could handle all its business needs spread across several locations in the US.
Challenges and Requirements
We were selected to be accountable for end-to-end delivery of the application. Utilizing our Global Delivery Model, we delivered all the requirements of this complex multi-user, multi-location, highly scalable system over a multi-year timeframe. It involved redesigning the existing real time policy administration screens and business logic from a series of COBOL modules to J2EE middle tier and eliminating Cogen mainframe Customer Information Control System (CICS) from production and test region for Casualty products.
The key activities managed that directly led to the success of the engagement included:
The resulting system is a user friendly, automated and highly interactive web interface for creating Specialty Casualty product policies. It is designed for independent agents, exclusive agents and employees. It is used to collect the required business data for creating a policy, to generate a premium and for selling policy to a customer. It also supports process of handling all sub transactions like Endorsement, Renewal, Rewrite, Cancellation, and Re Initiate on a policy.
J2EE and Web 2.0.
Benefits to the client includes: