A multi-million dollar project to merge two Insurance companies. Prevail was contracted to manage and gather Requirements and to develop Specifications for Automated Ceded Reinsurance processing, Premium Accounting and Claims Management. During the project, Prevail also reviewed Technical Specs provided by the current software package vendor and advised of necessary amendments. Upon the delivery of software, Prevail performed all Quality Assurance testing, Training, and coordinated Implementation and Production Deployment. The end result was the successful merge of the two companies' business operations and systems, On-Time and On-Budget.
The objective of a $4 billion Insurance Company was to automate the entry of all claims transactions into their central operating system and data warehouse. TPA's and MGA's were to provide monthly feeds to the carrier in their original formats. Prior to the company's year-end closing, several years of claim history from these external sources were provided to be converted and corrected via automated interfaces into the operating system and warehouse. After which, these newly developed interface processes would be placed into production to automatically interface the TPA's/MGA's monthly loss data feeds on an on-going basis. Prevail's Project Manager and technical resources enabled the customer to meet its objectives On-Time and On-Budget, successfully closing the year with a fully reconciled loss history database and to move forward with their now fully automated claim entry operation. Prevail then designed a new generic method of integrating new TPA's/MGA's thus requiring a relatively small on-going development effort.
After Prevail successfully completed a reinsurance data conversion from a client-server system to the customer's corporate system, this Houston-based insurance company asked Prevail to develop an integrated solution for creating Schedule F. After reviewing the requirements of the customer's existing Annual Statement Printing vendor, Prevail designed and developed a completely menu-driven system that included data extraction from the source system into work files, screens for users to correct work file data and add information that was not available in the source database, and creation of download files in the format required by the annual statement vendor. Prevail built complex edits and data derivative processes across all Schedule F Parts to ensure data integrity and elimination of redundant data entry. Prevail made modifications to the customer's corporate system reinsurance tables to capture additional NAIC Schedule F-required data. Prevail also designed and built complex algorithms to derive the NAIC designation codes for each schedule part based on simple user-entered reinsurance company characteristics. The system has the capability to run for any accounting period range. All adjustments to work file data is auditable. All system data is automatically archived. The system includes recovery/restart procedures. Each project phase and delivery was approved by the customer prior to advancement, and was delivered on-time and on-budget.
After months of trying to implement the WINS system with the customer's IT staff without much success, Prevail was selected to do the job. Prevail immediately took ownership of the project, providing Implementation Planning, Project Management, Analysis/Specs, System Configuration and Controls, Training and Quality Assurance. The customer went live with WINS® (Policy Management, Claims, ISO and NCCI Stat Reporting, Reinsurance, Financial Reporting) as planned.