The Hippogryph - a blend of two old beasts to help insurers fly
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5 April 2011Craig Beattie
In a few unrelated conversations last week the question of configuration and business design came up. In each case the conversation was related to modern policy administration or product specification systems used in the insurance industry, with a back ground of legacy applications still hanging around. The conversations inevitably turned to the experience and skills profile required by someone who configures modern systems to the business requirements. Whilst the different insurers concerned used different names and had slightly different purposes the base requirement was for someone very familiar with how the insurance business ran, but with the engineering discipline and experience an IT background gives. Increasingly we're observing that modern insurance systems allow for configuration. Configuration can stretch from ticking a box on a form, to updating a table of figures used in a calculation through simple formulas all the way to full blown scripting languages. This trend isn't just present in insurance systems, in business intelligence the use of Python and other scripting languages have long been used to clean up and prepare data. In both cases the question arises - is this an IT job or not? Herein we see on a small scale the change that has been brought across all of our society, where programming skills previously the sole purview of the IT department now may sit with underwriters, curators of an insurers content and analysts reviewing a wealth of data. What has not migrated out of the IT department yet is the discipline born of years of painful implementations - discipline around correct specifying the problem, testing the result and planning for failure. As it happens most insurers come to rely on a mixed and experienced team form both an IT and an insurance background. Each member of the team fills the gaps in other team members and together, processes are established. Some vendors are now providing training courses for configuring their platform but even the vendors I've spoken to admit this can be hit and miss, "Some people just aren't cut out for writing and testing business rules". Until universities and schools start producing candidates with a mix of insurance awareness and IT discipline insurers will have to continue to rely on a mix of internal staff experience in order to move forward with legacy and modern core systems. In Harry Potter we see the young wizard take to the skies on a hippogryph - part eagle and part horse. The hippogryph takes the best of each creature to allow harry to fly through the air as easily as riding a horse. Insurers are finding that they must create a new role in their organisation, merging IT discipline and business know-how to allow them to meet their lofty goals.