Effective Project Management
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