Insurance Core System Evaluation

Insurance core systems are going through a revolution. Technology is becoming more agile and modular and new forms of vendor-insurer relations have emerged. A newly crowded market offers great potential but also increasing risks of a mismatch between vendor capabilities and technology with insurer’s requirements and strategic goals.

Are you asking yourself

  • What are best practices for planning, managing and executing a software vendor assessment?
  • How can we structure our vendor and system integrator evaluation?
  • Do you lack the internal experience and expertise to adequately assess and score vendors?
  • How do we ensure an objective evaluation process?
  • How can we ensure the strategic, functional and technological fit of our new core systems?

What you will get from us:

  • Strategy alignment with leadership across the value chain on key considerations for product, distribution, change, operations and technology
  • Mitigation of risks associated with selecting the wrong vendor and system integrator
  • Structured approach that focuses on the key functional and technical considerations for your organization
  • Neutral third-party selection processes that utilizes a set of scoring methodology and tools that reduce risks and enhance controls
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Our Approach

  • Understanding Business and Objectives

    Understanding your strategic direction is a critical success factor. The initial week helps us to better understand your needs and shape the approach to meet your requirements.

  • Defining Vision for Future Business Architecture

    The business vision workshops allow identification of differentiating criteria and set the basis for the future operations and vendor criteria.

  • Eliciting Business Requirements

    Based on your own set of requirements, our Vendor Factsheets quickly allow identification of a possible shortlist to be verified with the core project team.

  • RFP Responses and Vendor Workshop

    Through innovative hackathons, we verify not only the RfP responses, but assess the key differentiating factors, the mindset and, delivery capability of the vendor.

  • Final Selection Approach

    After the final selection of the RfP winner, we help you to ramp up your delivery structure and to prepare your organization for the future challenges.

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Let's get in touch

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