Solutions Training Clients Resources Business Analysis Approach

DEA Services

Service: Documenting and Delivering New Insurance Products

Bringing new or enhanced insurance products to market in a timely manner is crucial to your bottom line. Having a Doreen Evans Associates Senior Consultant on your product development team will help bring clarity to these important initiatives and will provide an invaluable resource to coordinate requirements from across the many areas of your organization that the new product may touch. The DEA Consultant will create a visual representation of the product to promote a clear vision of its components and rules, will build process models to assist in identifying the processes and systems that will be impacted by the new product, and will document business requirements for change.

Time Frame

	1-2 months (estimate)

Need Help with Product Strategy? DEA works with a team of insurance industry experts with years of hands-on experience. The team can help you with:
	Product Assessments
	Product Recommendations
	Improving the Product Development Process

Typical Activities

	Scoping session with project lead and sponsor
	Analysis and interviews to build Product Model of new product or product enhancement
	Facilitated sessions to build Business Process Models of the product's lifecycle and of affected operational processes
	Interviews with stakeholders to understand the product's effect on current business processes
	Interviews with Subject Matter Experts about impacted systems and enhancement requirements
	Documentation of high-level business requirements for new systems and/or system enhancements

Work Products

	Product Model to document the product's structure, components, and any rules surrounding roles, calculations, and events
	Annotated Business Process Models illustrating which processes and systems will be impacted and, potentially, changed to accommodate the new product
	List of systems to be enhanced due to new product
	High-level business requirements for new systems and/or system enhancements

When does this service make sense?

	The product is new or significantly different from existing products
	Major process or system changes are anticipated
	A large number of resources are needed to provide domain expertise with limited time commitment to the project. A DEA Consultant will keep the project moving forward even when other resources are concentrating elsewhere.

We are Ready to be Your Business Analysis Partner
Whatever your company's line of business or the nature of your challenge, DEA has unparalleled Business Analysis expertise combined with in-depth knowledge of the insurance industry. We would be happy to discuss your specific needs without obligation.