Core Advisory
Harness the knowledge of P&C experts to drive your strategy
Craft your core strategy to achieve unparallel ROI
In today’s marketplace, it’s imperative for insurers to innovate continuously across core products, distribution, and rating to drive underwriting and operational excellence. Insurers need expert advisors who can help them define a strategy for product, rating, integration and underwriting as part of their core transformation journey. With strong expertise in P&C insurance, admitted and non-admitted insurance products and leading core platforms, ValueMomentum is best positioned to advise insurers on their core implementation strategy. ValueMomentum offers advisory services spanning across critical components of core transformation, such as product definition, core transformation and legacy migration planning, cloud readiness, functional gap analysis, core business process automation, and more.
Here’s what we can do for your company
Product Strategy
A product strategy driven by business objectives needs to be aligned with the core platform. Insurers have focused less on this alignment, leading to cost and effort leakage throughout the product lifecycle. Our team of domain experts is well equipped to help with product offerings, competitor analysis, product and coverage variant analysis, and product coverage dependencies. Our frameworks and methodologies to identify the deviations in rating, forms and rules from ISO specification and core platform capabilities help minimize the customizations and manage the implementation within budgeted efforts.
Business Solution Definition
Large scale transformation programs require a comprehensive business solution that lays the robust foundation for a successful execution of product strategy. Many transformation initiatives face challenges and cost escalations due to delayed or incomplete business solutions. Some of the key examples of our offerings include customer centric workflows, Partner enablement (MGAs, TPAs, Adjusters and Others,), leveraging external data, analytics and Insuretech services for informed decision making, underwriting and claims workflow optimization to improve operational efficiencies.
Execution Strategy (or) Program Roadmap Definition
Often the core transformation implementations fail not because of bad strategy but due to poor execution. ValueMomentum’s experienced team equipped with domain and platform skills, augmented by our methodologies and frameworks have helped clients to define an execution strategy resulting in seamless and successful execution. Our execution strategy framework is aligned with business strategy, product offerings and platform capabilities, product coverage dependencies and partner integrations aimed to minimize the risks and dependencies.
