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. 

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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. 

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• 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