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Effective Project Management

Business Challenge

Leading insurers are increasingly looking to streamline and simplify their operations, allowing them to focus on their Core business.  The Client, a leading Lloyd’s Syndicate, approached LP Squared and sought to outsource the implementation of their Catastrophe exposure reporting and management platform as they had limited project resources in-house. 

Assignment - Delivered

LP Squared assembled a project team with experience in catastrophe management systems who:

  • Ensured early engagement of all stakeholders especially end-users

  • Met with Software vendor to gain a good understanding of the application

  • Performed current state analysis of the legacy tool, to define an appropriate migration strategy, understand process changes and required training

  • Took ownership of vendor negotiations, including post-go-live support services

  • Project-managed the full implementation, including testing and training

  • Worked flexibly around the client’s daily business activities and largely remotely as the client had limited office space


Result – Value added

LP Squared delivered the system to plan and worked with the Vendor to ensure the Business teams were supported until the new system and processes were fully operational. 

  • The scope and management of the engagement was agreed upfront, with clearly defined control processes, logistics, communication streams and budgets

  • The client has a fully implemented catastrophe management application with a clear product roadmap and support from the Vendor

  • The end-of-project handover included a set of recommended Project/Portfolio management improvements to help the client assess and prioritise future initiatives

  • The flexibility and scalability of the team enabled on-time delivery without impacting the client’s existing business activities

 

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