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Solvency II with alfresco and synapps
 

Solvency II with alfresco and synapps

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Slide deck to accompany Alfresco and Synapps webinar on Solvency II - 12 April 2011

Slide deck to accompany Alfresco and Synapps webinar on Solvency II - 12 April 2011

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    Solvency II with alfresco and synapps Solvency II with alfresco and synapps Presentation Transcript

    • Solvency II – What about unstructured content?
 CONNECTING YOUR BUSINESS Alfresco
    • What the FSA want S2 to deliver ●  Good quality capital ●  Technical provisions that reflect the reality of the liabilities ●  Robust SCR (Solvency Capital Requirement) standard formula calibrations that reflect the true economic cost of the risks ●  Strong requirements on forward looking risk identification and management ●  Strong emphasis on enhanced transparency of firms’ financial positions and risk management approaches2
    • Current Investments/Activity ●  Focussed on data capture / consolidation / reporting BUT what about the unstructured information?3
    • Progress can be slow…4
    • The most commonly used ECM ●  The Shared Network Drive ●  Why? o  Easy to use o  No Training o  Low cost Issues... ●  Hard to find files ●  No Context ●  No Version Control ●  Inappropriate Security5
    • S2 and Unstructured Content Three Pillar Approach Applications ECM Features Quantities Supervisory Reporting and Automated Claims Requirements Review Market Scanning, Workflow, Discipline Reporting Management Document Configuration Library Services and Management Relationship Management Compliance and Market Business Disclosure/ Records and Retention, Reporting Consistent Governance Transparency Business Activity Monitoring Valuation6
    • Automated Claims Management S2 Benefits Solution features ●  Improved risk visibility ●  Process initiation o  Scan, eMail, Web, Fax ●  Reduce time to settlement ●  Process Automation o  Workflow ●  Faster issue resolution ●  Process Activity Monitoring ●  Automatic settlement ●  Process Reporting ●  Reduced manual ●  Content enablement of activity Claims Management ●  Improved auditing System7
    • Configuration Management S2 Benefits Solution features ●  Relationship between ●  Relationship Management model/report and ●  Version control supporting documents ●  Security ●  Referential integrity ●  Auditing ●  “Where else ●  Notifications referenced?” ●  History maintained ●  Improved auditing8
    • Compliance and Reporting S2 Benefits Solution features ●  Improved disclosure ●  Relationship Management accuracy ●  Workflow ●  Well defined audited ●  Activity Dashboard processes ●  Report Management ●  Near real-time visibility ●  Retention/records of risk Management ●  Granular Reporting ●  “Single source of the truth” ●  Improved auditing9
    • Demonstration Scan Browser/Claims Interface Automated Claims ProcessMFDemail CaseFileShare ECM RepositoryFax Relationship Management Compliance Claims Management System10
    • London Market/GI ●  Internal facing back office, policy administration system. ●  Limited external facing service ●  Issues are with the management of unstructured content – email/attachements/paper ●  Inefficient manual processes compounded by volumes of unmanaged unstructured content.Copyright SynApps Solutions Ltd 2011
    • Architecture Overview FNoL, Internal paper Internal staff External Parties External paper Applications capture (scan (brokers, adjusters, (MGAs, adjusters, capture (scan (Email, to email, MFD, claim handlers) underwriters) to email, MFD) Forms, mail room) Services) Back Office System, Policy Administration Systems Alfresco Share Ephesoft CONxSYS Alfresco Repository and WorkflowCopyright SynApps Solutions Ltd 2011
    • Internal Access via Back Office System FNoL, Internal paper Internal staff External Parties External paper Applications capture (scan (brokers, adjusters, (MGAs, adjusters, capture (scan (Email, to email, MFD, claim handlers) underwriters) to email, MFD) Forms, mail room) Services) Back Office System, Policy Administration Systems Alfresco Share Ephesoft CONxSYS Alfresco Repository and WorkflowCopyright SynApps Solutions Ltd 2011
    • Internal Access via Alfresco Share FNoL, External Parties Internal paper External paper Applications Internal staff (brokers, capture (scan capture (scan (Email, (brokers, adjusters, underwriters, claim claim handlers) to email, MFD, to email, MFD) Forms, handlers) mail room) Services) Back Office System, Policy Administration Systems Alfresco Share Ephesoft CONxSYS Alfresco Repository and WorkflowCopyright SynApps Solutions Ltd 2011
    • External Access FNoL, Internal paper Internal staff External Parties External paper Applications capture (scan (brokers, adjusters, (MGAs, adjusters, capture (scan (Email, to email, MFD, claim handlers) underwriters) to email, MFD) Forms, mail room) Services) Back Office System, Policy Administration Systems Alfresco Share Ephesoft CONxSYS Alfresco Repository and WorkflowCopyright SynApps Solutions Ltd 2011
    • New Business FNoL, Internal paper Internal staff External Parties External paper Applications capture (scan (brokers, adjusters, (MGAs, adjusters, capture (scan (Email, to email, MFD, claim handlers) underwriters) to email, MFD) Forms, mail room) Services) Back Office System, Policy Administration Systems Alfresco Share Ephesoft CONxSYS Alfresco Repository and WorkflowCopyright SynApps Solutions Ltd 2011
    • Architecture Overview FNoL, Internal paper Internal staff External Parties External paper Applications capture (scan (brokers, adjusters, (MGAs, adjusters, capture (scan (Email, to email, MFD, claim handlers) underwriters) to email, MFD) Forms, mail room) Services) Back Office System, Policy Administration Systems Alfresco Share Ephesoft CONxSYS Data Alfresco Repository and WorkflowCopyright SynApps Solutions Ltd 2011
    • So the answer is...ECM right? ...But ECM is too expensive...18
    • Introducing - Open Source ECM
●  No upfront license fees Annual Cost●  No per seat licensing●  No Capital Expenditure●  Simple model Cumulative Cost o  Pay for Alfresco Support, QA and Maintenance o  Price tied to usage o  Per CPU price
    • Deployment Options ●  Managed Service (Cloud) or On premiseCopyright SynApps Solutions Ltd 2011
    • kevin.joslin@synapps-solutions.com21
    • SynApps Company Profile ●  Formed in late 2003 by Documentum Services management team and senior consultants●  Extensive experience in Enterprise Content Management and planning, delivery and support of large-scale infrastructures and applications●  Partnerships: o  Alfresco, Adobe, EMC, Computacenter, Microsoft●  Recent customers o  Others •  Elsevier, BPP, Wolters Kluwer, EMA, Thames Water, Trafigura, Aspen, GM, Ford, Nokia, BAA, Skype, Chugai Pharma, Pearson, Admin Re o  Criminal Justice •  Met Police, MoJ, South Yorkshire, Lancashire, GMP, Cheshire, Cumbria, Merseyside, Hampshire o  Local Government •  Salford CC, Suffolk CC, Wirral, Redcar and Cleveland o  Higher Education •  University of Leeds, UCL, University of Glasgow
    • Consulting Services ●  Key focus areas o  Strategy Development and Direction o  Programme and Project Management o  Solution Architecture and Infrastructure Planning and Design o  Requirements Definition and Solution Design o  Systems Configuration, Development and Implementation o  Systems Integration o  Project QA and "in-project" Staff Mentoring programmes o  Legacy Content Migration Services o  System Migration Services o  Service Oriented Architecture Consulting and Implementation23