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CASE STUDY

Aggregation for insurers & reinsurers

Domain: Insurance
Client Location: UK

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Background

The aggregation system provides simple and quick regulatory reporting including Lloyd’s Realistic Disaster Scenarios. Its powerful integrated mapping functionality helps to analyse historic and what-if natural catastrophe scenarios and terrorism bomb blast exposures at any level of policy or location detail.

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Schedule

70 Months

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Objective of the Project

  • To migrate and support the conversion of risk aggregation system – Open Xposure product to Dot net Ver 3.5 – phased approach.
  • To maintain and support the existing legacy product developed using VB 6.0 and SQL Server 2000 including client specific developments.
  • Provide and agree the deliverables as defined in Project Management plan for the tasks carried out at offshore.
  • Enhance the performance of the system for achieving better performance, reliability and future.

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SWORD’s Contribution

  • Upgrade of application development platforms
  • Improved application stability and performance
  • SLA based engagement model
  • Adherence to the basic tenets of Project Management (PM-Initiation, planning, execution, monitoring and control, closing)
  • Established risk management and risk mitigation practices
  • Well defined Quality Management System
Efficient Onsite / Offshore methodology delivering significant operating cost benefits to our  client who manages a huge client base – 46  clients as of beginning 2012.

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Results Achieved

  • Long term association
  • Dedicated, skilled and stable support team contributing significantly to the continuing success of our client
  • Rapid turn around time to customer issues.
  • Excellent customer satisfaction track record

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Enabling Technologies

  • VB
  • .NET 3.5
  • SQLServer 2000 / 2005   / 2010
  • MapPoint / Trillium

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Deliverables

  • Impact analysis, Technical documentation
  • Code, Test Scripts and Test Reports.
  • User release notes
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