WynSure Insurance Solutions
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Wynsure : References

References

AXA.png

AXA, France

"Product Factory" for AXA's Individual Life Insurance System

Activity: Insurance Carriers
Location: Paris, France
Organization: 300 individuals Life Products / 200 tables

Project Overview:


 

Objectives:

  • Resolve the difficulty of having a different approach to each product (existing applications were cumbersome)
  • Some of the product characteristics (around 10%) are not in tables, but embedded into the legacy software
  • The launch of new products is cumbersome: table complexity causes delays and inconsistencies

Benefits to AXA France:

Without modifying the legacy system, Wyde's Product Factory has enabled the use of new user friendly applications created to modify or consult products:

  • Understand the products
  • Identify what is defined in the code
  • Reduce the time to market when creating or modifying products

Why Wynsure was chosen:

Wynsure was chosen because it had been repeatedly proven faster to implement than competitive approaches and easy to customize to meet business needs.

Wynsure implementation:

Wyde's Product Factory was connected to the insurer's legacy system in order to:

  • Model the carrier's products
  • Import data from legacy tables
  • Examine and compare products
  • Create new products or modify existing products, including duplicating products
  • Export modifications towards production tables
  • Maintain product evolution history

Business Functions Implemented:

A set of prototypes was developed in 5 weeks, (50 man-days from Wyde and 20 man-days from the customer), with weekly iterations, to :

  • Model the carrier's products
  • Extract the 32 main tables (adding one table takes less than one day)
  • Control consistency and report irregularities in product definitions
  • Interrogate
  • Compare
  • Create new products
  • Offer workflow functions
  • Authorize users
  • Create product marketing documentation
  • Export into Excel

Technical Summary


 

Deployment Environment:

Quick deployment (5 weeks) because the Product Factory was designed from day one as a very powerful and highly integrated tool (3000 components) including components to interface with legacy systems.

The prototype was deployed internally (40man-days) to more than 100 users who were asked to secure access to the application's rich Windows user interface that is accessible through light clients.