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An Independent, Trusted Partner is Key to Delivering Policy System SuccessThe insurance industry is changing so fast that insurers without a modern, flexible policy administration system will find themselves quickly falling behind the competition. Recent research indicates that implementing a modern policy administration system will be one of the most important technology initiatives insurers take on over the next 5 years. Additionally, 65% of insurers have a strategy to rip and replace their legacy policy administration system. Implementing a new policy system is likely the most complex and expensive project an insurer can undertake. Taking such a risk can be scary, but we believe that our resources can be a key component in conquering the challenge and delivering project success.Policy system deliveries often get off track because of disparate goals and varying levels of expertise between the client and the software vendor. A software vendor can provide deep technical knowledge but often lack the skills to define and drive a holistic approach for accomplishing the project objectives. Conversely, the client’s technical knowledge about modern insurance systems may be limited at the start of the project hampering decision making and requirement definition. We believe that an insurer will have the greatest chance of success if they are able to find a trusted, independent partner to bridge this gap. By filling key roles on the project, the partner can help focus project goals, perform comprehensive scoping, operate as an expert intermediary with the software vendor, and offset high-priced vendor resources. Centric Consulting has the resources and industry expertise to assist in driving true value out of your policy system implementation or upgrade. The insurance expertise at Centric runs deep with over 100 insurance projects completed over our decade in business. Whether it is a current state assessment, vendor selection, system implementation, or any other policy admin related project, you can be sure that Centric’s consultants will be able to jump in and start adding value. How Centric Can Help You SucceedThe partnership we build can take many forms. Centric has the resources for filling gaps to round out your existing team or can take complete control of a project and fully staff it with talented resources. We have been successful in specialized role based consulting, teaming arrangements, and deliverables based projects.Our resources have the capabilities to enable your team’s success. Whether it be specialized business process analysts familiar with policy processing, developers that know policy technology automation and architecture, integration specialists experienced with today’s complex systems integration activities, or project leaders that have the right package implementation experience and systems integration background, Centric can deliver you the right set of resources to enable your team’s success. Our experts can reduce the strain on your IT department, lower your overall project costs, and partner with you to successfully deliver the policy administration system foundation that will shape your company’s future. Centric Consulting resources can assist you with:
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