Bespoke BMS Implementation

TIW successfully oversaw the implementation of a third-party bordereaux management system (BMS) for commercial insurer Tradex Insurance, ensuring the modified system was fit for purpose, compatible with its existing operations and fully met the insurer’s needs.

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“Their in-depth industry knowledge enabled them [TIW] to spot issues with the BMS, that most would have missed.”

Tradex Insurance

Chief Information Officer

The Problem

Commercial motor insurer Tradex wanted support with ensuring the modification and implementation of a third-party bordereaux management system (BMS), which was originally designed for the Lloyd’s market, met their own needs.

The Solution

TIW undertook User Acceptance Testing for the modifications made to software provider Vipr’s Intrali BMS in order to not only ensure the bespoke changes to the system were fully functioning but that the back-end reporting was fit for purpose.

TIW worked closely with both Tradex and Vipr to deliver this project following an initial meeting with the two parties. TIW reviewed the business and technical specifications and broke down the test scripts into several key sections including Configuration, Field Validations, Power BI, Coinsurance, Post-go live smoke testing and executed test scripts.

Through this process TIW identified 94 issues and worked closely with Vipr to ensure they were fixed. These included several bugs that needed to be overcome, the identification of several specification changes that had been overlooked in the build and agile development to deliver on the bespoke coinsurance element.

The Outcome

Tradex Insurance was able to go live and be fully confident that its modified version of the Vipr BMS, including the addition of a bespoke reporting element, was fit for purpose. The whole project, from start to finish, was completed in six months with no disruption to business.

Benefits

List of benefits from using our services

94 issues identified

Identification and resolution of
94 issues with the BMS
identified during UAT.

Saved money

Avoidance of potentially
costly technical issues.

New specifications

The addition of new
specifications to the BMS.

Secure document exchange

Assurance that the installation
fully met the insurer’s needs.

Disciplined compliance

Smooth transition to a new BMS.

Recap

TIW provided in-depth UAT of a third-party bordereaux management system (BMS) for commercial insurer Tradex Insurance and ensured that all technical issues were resolved before implementation, and that missing functionality was added. The successfully implementation of the BMS and development of reporting capability was smooth and met all the insurer’s needs.

TIW designs, builds, delivers and supports digital technology solutions that support the global insurance and reinsurance industry. TIW’s SaaS portfolio enables businesses to run their highly regulated businesses efficiently and cost effectively, giving practitioners a single, highly economical, platform that increases efficiency, improves customer service, and drives out frictional costs. TIW’s technology services, market knowledge, and experience makes us the right choice as your partner for digital transformation.

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Give us a call!

Phone

+44 (0)20 7183 2190

Email

hello@tiwgroup.com

Location

3rd Floor, 70 Gracechurch Street, London EC3V 0HR, United Kingdom

Contact us today to find out more