CasaPlus

>CASAPlusA BearingPoint Accelerator

Making software evaluations more e�ective and delivering higher quality of information for the decision process.Insurance companies face major IT-transformation needs when replacing old core systems in the area of policy/claims handling. To face this challenge, they start investigating standard products such as Guidewire, TIA or others. BearingPoint has a strong tool, CASAPlus, to drive RFPs/software evaluations by comparing requirement catalogs to suppliers/systems, thus delivering strong analysis functionality.

CASAPlus | A BearingPoint Accelerator

ContentsMarket Drivers

Our Approach

Client Benefits

References

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CLIENT BENEFITSOUR APPROACHMARKET DRIVERS REFERENCES CONTACT< >


Market Drivers• Many insurance companies face major software transformation projects in the near future, as

they need to replace their outdated host based legacy systems.

• The trend goes away from individual development and towards the use of standard solutions.

• Based on this, the funded evaluation of potential standard systems becomes more and more important.

• The decision for using a system is strategic, as it reflects high investment and risk.


Our Approach • CASAPlus is our standard tool to drive RFIs/RFPs and to evaluate software solutions.

• By having pre defined standard requirement catalogs for core insurance applications (e.g. claims and policy handling) in CASAPlus, requirement definition will become more e�cient.

• By having the requirement fit of the leading software solutions (e.g. Guidewire, TIA, SAP) in CASAPlus as well, we can provide a clear view on the requirement fit of these solutions out of the box.

• Only the customer specific requirements would need deeper analysis then.



Our Approach With CASAPlus we have a powerful toolset to evaluate potential solutions/run RFPs



CASAPlus FeaturesPre-defined requirement catalogs for software solutionsVendor informationProduct informationMatching of product/vendor information to defined criteria, including• Grouping of requirements• Weightings• Definition of specific formulas to evaluate criteria• Graphical presentation of resultsFurther prepare/evaluate results in Excel (Export Mechanism)Multi language support

CASAPlus Current UseCurrently used to run RFP processesFor each project, requirement catalogs are defined againResults are project specific and there is no mechanism/process defined to maintain existing results

Client Benefits • Software evaluation becomes more e�cient, as a standard requirement, and fit of existing standard solutions comes out of

the box.

• Software evaluation reaches a higher level of quality, as the information provided is not only based on single supplier responses, but also on existing data from CASAPlus.

• Client specific requirements and needs are more in focus.

• Decision for a system is more solid, which reduces risk and raises information quality for investment decision.



Client Benefits The duration of software evaluation processes can be reduced, creating a higher level of quality in parallel



Define Software Requirements

• Define detailed requirements catalog based on CASAPlus standard catalogs

• Define client specific requirements• Requirement functional grouping

Define Weightings

• Specify weighting for defined requirements

• Specify weighting of functional groups

Measure Software Fit

• Analyze pre-selected software against requirements and weightings

• Analyze provider company profile against client needs

Provide Results

• Provide detailed measurement results, reflecting exact fit of analyzed software compared to requirements

• Provide cost-benefit analysis

• Pre-defined requirement catalogs, covering insurance core solutions

• For claims and policy handling, catalogs with more than 500 pre-defined criteria are available

• Detailed and flexible weighting mechanism available

• Covering weighting of single requirements as well as weighting of functional groups

• Needed information for common insurance software providers and solutions already embedded into toolset

• Benchmarking data available, based on existing evaluations

• Out of the box results provided by toolset

• Export functionality

CASAPlus out of the box functionality supporting the evaluation process

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ReferencesLeading Global Reinsurance - Risk Management IT Technology ReviewThe client is a leading and a highly diversified global reinsurer. BearingPoint has been engaged to support the organization to achieve an holistic view on the risk infrastructure for all regions, enabling e�cient and robust reporting as well as an easy and flexible toolset for ad hoc analysis. The goal is to have an information system architecture at state-of-the-art level.

Business NeedsCurrent Risk IT Landscape is characterized by various complex and heterogeneous (also to a some extent manual) processes (data gathering / aggregation / calculation / verification / reporting)Ine�ciencies exist where reports and analysis are generated manually or involving desktop solutions outside of the established architecture (data mapping / data quality assurance issues)Complex architecture and stake-holder landscape (Financial systems / Asset Mgt. / various Risk Management functions)Results are often not reproducible due to immature risk management data warehouse Reports consumers are often unable to fully comprehend the underlying data and assumptions for certain risk figures

Our ApproachCreate a current state architecture model by analyzing existing material, reports, processes and data, and conducting an Information Maturity Quick ScanCreate a future state architecture blueprint and identify gaps and areas for improvement by benchmarking current state against leading industry practices and advising on current market and technology trendsSupport of vendor selection process using CASAplusCreate a high level road map containing suggestions to adapt running implementation projects, weighted and prioritized improvement elements and a high level implementation plan

Client’s ResultsApproved Blueprint by project steering boardHigh level road map and implementation plan for transition to an integrated reporting layer and risk-specific BI environmentSenior Management presentation to decide about the implementation, including a high-level business case



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About BearingPoint

BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our global consulting network of 9,700 people serves clients in more than 70 countries and engages with them for measurable results and long-lasting success. For more information, please visit: www.bearingpoint.com


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Thorsten VogelSenior ManagerBearingPoint [email protected]

Matthias HoehnePartnerBearingPoint [email protected]

CLIENT BENEFITSOUR APPROACHMARKET DRIVERS REFERENCES CONTACT<

www.bearingpoint.com

mailto:[email protected]

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