References

Scottish Re, Denver, Colorado

A new Reinsurance System

Activity: Life reinsurance
Location: Denver,Colorado - USA
Volume: 300 customers / 2,000 treaties / 4 to 5 million cessions
Organization: 250 end-users (24 underwriters, 25 assistants for underwriters, 15 claim users)

Project Overview:

Objectives:

Business Objectives

• The purpose of the project was to replace the core legacy group benefit administration systems in an aggressive timeframe to generate savings in operation through greater automation and in maintenance due to the reuse of a component framework.
• Add new features required by today's business needs
• Obtain a more flexible system that can easily answer customer specific needs
• Inconsistent and incorrect data : require consistency
• Automate treaty management which is currently manual
• Required applications:
  • Daily, monthly, annual accounting
  • Update quarterly from customers
  • Treaty and cession management
  • Retro-cession management
  • Claims handling

IS Objectives

• Existing systems can no longer evolve anymore: Some applications exist on AS400, some processes are manual

Benefits to Scottish Re:

• Same location for technical and business teams
• Code Quality
• Well trained Business Analysts
• Reuse of existing components

Why Wynsure was chosen:

Wynsure was preferred to competitors mainly because:

• Timing was shorter (18 months instead of 26 months for main competitor)
• Wynsure proposal was a fix priced proposal
• Quality of team
• Very practical approach: progressive visibility of deliveries

Wynsure Implementation:

2 years maximum, reduced to 18 months with progressive benchmarks for visibility:

• Organization, contact persons, address
• Treaty & Cession
• Billing/ Accounting
• Claims
• Facultative Underwriting
• Reporting

Scottish Re must be able to directly maintain the application.

The project, developed by a team of 20 developers and 10 business analysts, was delivered on scope and on time.

Technical Summary

Deployment Environment:

• e-Wam
• Wyde Framework
• 1,500 classes (900 are business), 259 tables

Deployment Architecture:

• 2 Windows 2000 Servers
• Rich GUI on light clients
• Oracle data base on HP Unix server
• Middleware: SQL Net
• 200 fat client users
• 50 to 100 intranet users (Citrix or Wyde Web with C++ DLL)
• Some Internet groups users (eWed)
• For all sizes of customer groups