- Client success stories
- IPB Insurance
Developing a strategic data management program for IPB Insurance
“The strategy delivered by Client Solutions provided a road map of the data dependent capabilities that IPB is committed to navigating in order to achieve the desired business transformation.“
Project at a glance
Optimise business information analysis to support strategic objectives.
PowerBi, Tabular, SQL Server, SSIS, SSRS
Business transformation delivered:
- A data strategy that prioritised the needs of the business
- Improved collaboration
- Organisational change management
- Data governance
- Securing sponsorship for data strategy
- Established funding model
- Data stewardship & success metrics defined
Optimise business information analysis to support strategic objectives
A data strategy driven by the overarching business strategy
IPB’s emphasis on ensuring engagement of its data as a strategic asset formed the basis of a data strategy which Client Solutions delivered. Like in all businesses, technology is having a huge impact on the insurance industry. This sometimes leads to companies diving into what looks like new data management solutions, investing in new technologies and sophisticated analytics in haphazard ways without a clear plan.
Together with IPB we worked on creating a data strategy that was driven by the overarching business strategy. A critical starting point was the business’ strategic objectives. Simply put, we worked on determining how IPB’s data can be best engaged to support achievement of the strategic objectives of the business.
Once this was determined, we charted a course for reaching those goals. This included having a deep understanding of what kind of data was needed, internal and external data. We also looked at the data from a quality, governance and ownership point‐of‐view.
For the second part, we considered the future including how the data will be stored and modeled. We also considered regulatory and privacy aspects including GDPR, data lineage and overall Master Data Management. Finally, we looked at tooling, technology and training in terms of best fit, considering existing investments and people skills.
An enterprise data strategy that prioritised the needs of the business
Client Solutions delivered an enterprise data strategy for IPB that prioritised the needs of the business. The data strategy provided a mechanism to allow stakeholders to work together with all parts of the business, to peel back layers and peer into the core business to secure an achievable plan for the future. IPB now has a strategy that focuses sequentially on the critical data needed for each step along the journey. That critical data addresses specific business needs to help the organisation reach its strategic objectives and generate real value. The data strategy delivered at IPB goes beyond technology and includes securing sponsorship, establishing a funding model, organisational change management, data governance, data stewardship and success metrics.
“The strategy delivered by Client Solutions provided a road map of the data dependent capabilities that IPB is committed to navigating in order to achieve the desired business transformation.”