Case Study

  • Our Experience  /
  • M&A Transformation of an Insurer

The Challenge

The M&A transformation of a large insurer faced significant schedule delays, jeopardizing the target deadlines for completing the acquisition. The merger of three distinct companies into a single entity with a unified, strategic account management and underwriting platform aimed to streamline operations, gain efficiencies, and ensure consistency.

Solution

Conducted a thorough assessment of the program's current state, including dependencies, schedule, costs, risks, and issues. Restructured the program team into six value streams to enable Agile delivery, aligning scrum cadences across teams and establishing a program board to visualize key dependencies and deliverable timelines. Collaborated with the solution engineering team to develop a unified data model supporting the needs of all three companies. Resolved data conversion delays by increasing infrastructure capacity and cleansing source data upstream. Developed an underwriting platform to support new types of bonds. Successfully achieved the ‘Go To’ market target for completing the acquisition on time and within budget.

Outcome


The M&A effort saved up to 15% in operating expenses over 3 to 5 years while boosting the top line by ~7% year on year.

Technology/Technique Industry
App modernization, data migration Insurance, Fintech