New white paper on Insurance IT projects

We have all heard of projects with massive overruns and severe benefit shortfalls. And maybe you’ve even tried yourself to be presented with a revised project schedule and an extra bill far too close to what you believed was the project delivery date?

In IBA’s new white paper we argue that there are five significant drivers of our considerably shorter implementation time of an insurance IT project. These five drivers are all summed up in the statement “Complexity is the enemy” because reducing the complexity of the project is the only way to speed up implementation. And the best thing is; the impact of reducing complexity is non-linear. So, a project team of three people can actually achieve the same as thirty people on other insurance IT-platforms.

This is why large projects should be avoided, and why IBSuite makes such a big difference.

Extract of the paper:
Software platforms vs. standard applications

Many enterprise insurance solutions today come as standard packaging with pre-defined processes and products, which then can be adapted to the insurance company through an implementation project. If we draw a parallel to building construction, this would be the equivalent to a construction process where you always started with a default 100-story building, and then demolished what was not needed and redecorated the rest remembering that the load-bearing walls cannot be moved. And often you probably wouldn’t demolish anything to avoid collateral damage, and accept the cost of extra maintenance and utilities for the surplus square-meters.

Get the White paper here