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Reducing the Risk and Realizing the

Value of Core Systems Replacement

Introduction
Risk Reduction
Customer Experience
Core Systems in the Cloud
Brazil Implementation

Andrew deGroot, SVP, Global Business Development


and Alliances

Copyright 2013 Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

June 25, 2013

Topics

Copyright 2013. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Exigen Cloud Advantage


Right-size with Core Systems in the Cloud

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Exigen Suite Core Solutions

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Exigen Cloud Computing Service

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

A Look at Exigen Cloud Services

Tier 3
support

SAAS SERVICES
Business Operations
Help Desk Operations
Help Desk Maintenance and/or Support Services
Maintenance and /or Support Services Technical
Operations

Technical Operations
Hardware Planning

Data Center Operations


Data Center Operational Management and Support
Operational system management per Run Book
Full suite of operational, administrative, and
management control procedures and services
covering network and data center
Operations Management
Operational Maintenance
Security Management

Monitoring, Alarms, Reporting


Network and Server Infrastructure
Storage
Backup and Disaster Recovery
Security

Application Operations
Change Management
Performance Management
Database Management
SaaS-70 Compliance

SERVICE LEVEL AGREEMENTS (SLAs)


SAAS Service Availability
Successful Return to Production
Maintenance Windows
Initial Problem Response

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

100%
performance

Reducing Risk of Core Systems Replacement


Pre-configured Packages vs Customization

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Reducing Risk of Core Systems Replacement


Evolution of Core Systems Configuration
80/20 Rule
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Traditional systems over


80% hard-coded and
inflexible.

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Typical configuration-based
systems provide rules &
tools but only 20% preconfigured product.

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Exigen Suite pre-configured


packages come over 80%
ready out-of-the-box as an
fully-functional system to
jump start both design and
development activities.

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3
2
1
0
Traditional

Configuration
Based

Pre-configured

Project Configuration
Pre-Configured Content
Base

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Reducing Risk of Core Systems Replacement


Addressing Risks - Exigen Pre-configured Approach

Implementation Risk
Client starts with a fully functioning, end-to-end processing system.
Preconfigured Package represents a robust, reference implementation for
project teams making changes to clients requirements.
Improves quality and consistency, improves speed of delivery, and reduces
overall cost

Agility Risk

Pre-integrated suite reduces the complexity associated with system upgrades


High degree of configurability in Exigen Suite reduces the % of customization
required in order to minimize impact on clients upgrade path.
Recent Exigen client upgrade experiences reveals an average timeframe with
testing of 2 months.
Pre-integration of Exigens Product Factory and Rating Studio enable
introduction of new/revised products in rapid timeframe

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Reducing Risk of Core Systems Replacement


Addressing Risks - Exigen Pre-configured Approach
Cost of Ownership Risk
Reduced costs of initial implementation and subsequent system upgrades
The preconfigured package dramatically decreases integration
requirements during deployment - the most costly component
A single platform is capable of managing multiple lines of business at the
same time
Removes cost of series of separate policy, billing or claims solutions.
Reduces TCO for multi-line/territory insurers as a large percentage of initial
deployment costs can be leveraged and re-used in the future.

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Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Improving the Customer Experience


Differentiating with Insurance-specific CRM and CCM

Today, pricing is highly competitive, many products are quickly commoditized, and
innovations are quickly replicated, so it is difficult for insurers to differentiate As a result,
insurers need to strive for superior customer experiencemanaging the entirety of their
insurer relationships, across touch-points, according to customers personal preference
CAP GEMINI

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Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Improving the Customer Experience


Exigen Customer-centric Approach
Exigen Insurance Solutions (EIS) CustomerCore is an insurance-specific, vertically

integrated CRM component.

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Customer Acquisition
Lead Management
Opportunity Management
Marketing & Sales Campaign Management
Customer
Customer Management
Acquisition
Customer Accounts & Portfolio
Customer Sales & Service
CustomerCore
Customer Profile & Preferences
Customer Transactions & Interactions
Customer Relationships
Customer
Customer
Communication
Service
Customer Analytics
Customer Service
Personal Agent (in person)
Contact-Center (phone and chat)
Web and Mobile Apps self-service
Automated Agents (Voice and Document Auto-Reply services)

Improving the Customer Experience


CustomerCore CRM Integrated Multi-Channel Communication
Key Advantages of CustomerCore

Fully integrated with insurance core systems (including legacy and 3rd party systems)
Extends insurance processes to multiple distribution networks ranging from direct
networks and agents and brokers, banks, and alternatives such as retailers and car
dealers
Supports multiple business channels (i.e. mobile, Internet, contact center) to support
person-to-person, correspondence-based, and self-service modes of interaction.
The key business benefits to insurers are:

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An increase in customer affinity and mutual value of the customer relationship;


A measurable improvement in the quality of the book of business and business performance;
Reduces operational cost and complexity; and
Increases sales effectiveness by recommending best fit products for new business and up-sell.

ACE Brazil

Core Systems Suite Replacement

ACE Brazil Snapshot


Solution
Full Exigen Suite for Policy Admin/Billing/Claims

Lines of Business
Personal lines: standard and high net worth LOBs
Distributed nationally via MGAs

Deployed in Portuguese and English


Rollout
Q1 2012 high-net-worth home and auto
Q3 2012 standard home and auto

Platform

Exigen Suite as SaaS in Exigen Cloud


private cloud; virtualized environment

Deployment
Deployed 20 interfaces using ESB
Global Team: Brazil\Europe\China\USA
OnShore Product Specialists
Offshore Exigen Center of Excellence

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

ACE Brazil Project Highlights

Speed To
Market
Improved
Distribution &
Service
SaaS
Advantages

First products live in less than 6 months

360 view of customer and account


Independent brokers described system as best
insurer system to use

No ACE IT investment required from infrastructure


to applications
100% performance to SLAs
Platform available for deployment in other
countries

Copyright 2012. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

Andrew deGroot
SVP, Global Business Development and Alliances
345 California St, 10th Fl
San Fancisco, CA 94104

Thank you

Copyright 2013. Exigen Insurance Solutions. Please do not use or duplicate without express authorization.

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