Partnering Clients in Their Transformation

 

The Challenge :

  • A leading insurer wanted to launch a new product with a Usage Based Insurance product in UK market targeting the good drivers.​ However, Legacy technology was not allowing for the needed product innovation. Further, surmounting Technical debt was also a roadblock.

The Key Insight :

  • Planning and execution of the program that included launch of new product on completely new technology stack, along with migrating few other existing product.
  • Configured and made the new product available for price comparison websites.
  • Built a scalable quote and UW engine to handle the values from PCWs.
  • Integrated the telematics scoring to the UW.
  • Created micro-services to offer the product through client proprietary direct channels.
  • Built data and analytics layer for deeper insights on the product and business performance.

The Outcome :

  • Completely new product on a totally new green field stack with very steep performance needs for the PCW integrations. Stretched the ISV technology to the limits to launch the New product on time which has been sold for about 6 months.

Scope of deliverables:

  • Tailored solution architecture per business goals.
  • Deep technology expertize and experience.
  • Accountability for the program.
  • New ways of working.
  • Globally mobilized expertize.

 


 

The Challenge :

  • Create new products that put life insurance within reach of millennial consumers.

The Key Insight :

  • Millennials on the whole feel less urgency to purchase life insurance than did prior generations. In order to help the leading life insurance firm  access this growing consumer segment, Capgemini defined a strategy that leveraged the company’s unique positioning to be present in consumers’ lives for the defining events when insurance matters most.

The Outcome :

  • We developed a portfolio of digitally-native products that modernized old life insurance models by making them more tangible, optimistic, and flexible in response to the changing shape of American families and lifestyles. The client selected two products to advance to initial proofs of concept.
  • Our first product concept was focused on meeting consumers as they develop new dependent relationships by allowing friends and family to gift life insurance to new parents through popular third-party baby registries. It was launched in partnership with the fastest-growing baby registry in the United States.

 


 

The Challenge :

  • To define a strategy and long-term vision for the Internet of Things in the industrial insurance business, and to establish opportunity pathways to help realize it.

The Key Insight :

  • Our research led to a strategy built from a set of deliberate choices up and down the IoT stack.
  • To realize the opportunity, we determined the right level and type of participation in the sophisticated IoT ecosystem. Through sensors, infrastructure, applications, and services, we developed a bespoke strategy and a set of solutions for the company to build.
  • Our choices were driven by the company’s unique assets and competitive differentiators in providing science-based and engineering-led services to clients.

The Outcome :

  • Our solution was designed  to help its clients across 5 types of offerings: Client-side IoT implementation strategies, system setup and configuration, asset optimization, asset protection, asset data distribution.
  • The solutions connected together to harness the virtues of vertical integration to allow the company to be efficient, move fast, operate economically, and cater to unique needs across the ecosystem.
    They laid the foundation for new growth opportunities and business models while protecting the future of the company’s core business.