Guidewire - Maximizing Insurance Suite
ROI Exam Questions with Complete
Solutions
What are the benefits of leveraging the base configuration? - Answer-- Leverage project
resources and tools more effectively
- Decrease development time
- Decrease testing
- Decrease maintenance costs
- Decrease future upgrade efforts
- Lower cost of ownership
When would you customize? - Answer-Only if
- Increase overall efficiency
- Establish competitive advantage
What are potential impacts of recreating legacy system features/functionality? -
Answer-- Missed opportunity to leverage new technology
- Increased development time, testing time
- Performance issues
- Maintenance issues with releases
- Limitations and challenges with upgrades
- Increased cost
Why is is harder for change to occur in the insurance industry? - Answer-- Long
standing systems have stored data that is difficult and costly to migrate
- lack of budget to change systems
-employee skills
-change management process
- risk aversion
- lack of corporate vision
- inability to work across silos
How does GW aid in transformation? - Answer-- Move insurers from inefficient legacy
systems to a better system
- Provide technology that transforms how they do business
- Help replace multiple outdates systems with coordination into one system
- leverage innovation bust into GW products
How does GW bring innovation? - Answer-1. Harness open ecosystem
2. Enable digital transformation
3. Accelerate Product launch
ROI Exam Questions with Complete
Solutions
What are the benefits of leveraging the base configuration? - Answer-- Leverage project
resources and tools more effectively
- Decrease development time
- Decrease testing
- Decrease maintenance costs
- Decrease future upgrade efforts
- Lower cost of ownership
When would you customize? - Answer-Only if
- Increase overall efficiency
- Establish competitive advantage
What are potential impacts of recreating legacy system features/functionality? -
Answer-- Missed opportunity to leverage new technology
- Increased development time, testing time
- Performance issues
- Maintenance issues with releases
- Limitations and challenges with upgrades
- Increased cost
Why is is harder for change to occur in the insurance industry? - Answer-- Long
standing systems have stored data that is difficult and costly to migrate
- lack of budget to change systems
-employee skills
-change management process
- risk aversion
- lack of corporate vision
- inability to work across silos
How does GW aid in transformation? - Answer-- Move insurers from inefficient legacy
systems to a better system
- Provide technology that transforms how they do business
- Help replace multiple outdates systems with coordination into one system
- leverage innovation bust into GW products
How does GW bring innovation? - Answer-1. Harness open ecosystem
2. Enable digital transformation
3. Accelerate Product launch
