Based in Paris, the company is a subsidiary of one of the largest French banking companies, with 9000+ employees in 36 countries. Ranked among the top 15 European insurers, our client is a recognized global leader in credit insurance. The company also offers Life insurance products, including Annuity and Disability, across 3 distribution channels such as retail banking, partners, and online brokers. The company was looking for a practical solution that could be integrated with its current information system and provide comprehensive coverage for its disability line of business in France.
OBJECTIVE
Our client wanted to optimize their information system to obtain a rapid time-to-market for product launches, keep their competitive edge in the marketplace, and reduce maintenance and operational costs.
CHALLENGES
The Wynsure modules used were Product Factory, Policies, Claims, Billing.
The client conducted comprehensive market research and selected Wynsure from amongst 25 other solutions, based on the following strengths :
PROJECT HIGHLIGHTS
Rapid time-to-market
The use of Wynsure’s Product Factory module led to standardization of processes for product development. Launching a new product now takes our client only
3 months, as compared to a 12-month turnaround time with the legacy information system.
Accelerated sales growth
With Wynsure, our client could maintain and grow their market share through newly created distribution channels, such as websites, benefiting from enhanced data communication between these channels and their core system. Wynsure also provided our client with the ability to interface successfully with price comparison websites.
Optimized cost
Thanks to our Center of Excellence in Poland, we are providing a near shore maintenance capability.