GUIDEWIRE PART 2 | 2025/2026 UPDATE | 179
QUESTIONS AND ANSWERS | WITH COMPLETE
SOLUTION
When requirements are not aligned? (Maximizing product Value) Answer - -
Every day, thousands of decisions are made on a project by people who bring
their own requirements and focus through their area of expertise.
- These decisions can divert requirements away from the business objectives.
The result - requirements that are not strategically aligned.
The impacts include:
- Cost overruns for the project.
Increased technical debt.
- Time to market may delay or prevent benefits realization.
- Team members may be frustrated when not working toward the same goal.
The develop the legacy system they had.
They end up with a system with no value.
- To avoid this, project teams must confirm strategic value alignment.
Every day, thousands of decisions are made on a project by people who bring
their own requirements and focus through their area of expertise. These small
decisions, over time, add up and, if unchecked, can divert a project away from
the business obiectives. The result; the requirements are not aligned with the h
business objectives or business strategy.
,The impacts of misaligned requirements can be very expensive with time and
money spent developing unnecessary features. This effort can lead to cost
overruns for the project. Additionally, increased development pulls resources
away from innovation efforts and, at the same time, increases technical debt
with time spent developing and testing the requirement for implementation
and future releases. The additional development time can be further
detrimental to financials when the time to market causes benefits realization to
be delaved or prevented.
Without clarity of project goals, project team members may each have
different objectives in mind. This can lead to frustration when not all are
working toward the same goal.
When requirements are not aligned with business objectives, insurance
companies can develop the legacy system th
Confirming value alignment is really all about ensuring that Answer -
everything we do, all the decisions we make, and the solutions we develop, are
in support of the business objectives.
Identifying Risk for Simple, Small Business Policies Answer - Let us practice
using business strategy as a guide. This activity demonstrates how
understanding business objectives can impact project decisions and, ultimately,
the alignment of the solution.
Scenario 1 - Identifying Risk for Simple, Small Business Policies Answer -
Succeed Insurance would like certain risks reviewed by an underwriter before a
Simple Small Business policy is issued. To eliminate the need for agents to
identify and manually send an issue to Underwriting, Succeed would like to
automate the process by creating Underwriting Rules for each risk. With this in
mind, they have identified several risks they would like their underwriters to
review. However, they want to avoid underwriting rules that would create too
many manual approvals.
,your thoughts?
- What requirement for an underwriting rule did you select to implement?
Explain your choice.
- What information was key to making your decision?
- Did you find yourself wanting to know more information? If yes, what did you
want to know?
- Why would additional information have helped?
- If working as a group, were all team members aligned with the decision on
what to implement? Why or why not?
Use Strategy to Guide You:
Now, repeat the same process, but this time start by reviewing the Business
Objectives and strategies for Succeed Insurance.
Succeed Insurance Business Objectives and Strategies
1. Achieve improved speed to market by:
Increasing straight-through processing
Increasing business efficiency through improved automation
2. Maintain Underwriting excellence by reducing loss experience
Note: These business objectives and strategies are listed in order of priority.
Knowing that Succeed wants to avoid underwriting rules that create too many
manual approvals and, at the same time, achieve these business objectives,
which requirement would you choose?
Conclusions:
Now that you have completed this exercise, you should conclude: without
strategy; we will struggle with alignment and decision-making.
The strategic objectives of the business need to be in the forefront of every
team member's mind throughout the implement
, Could a project leverage InsuranceSuite to the fullest, align changes with
strategic objectives, and still fail? Answer - The answer is, Yes.
Operating without Guiding Principles, is like operating a boat without a rudder
- there is no clear direction. Without direction, project teams can make
decisions that are not aligned with what is important to the business. Guiding
Principles create a culture where evervone understands what is important.
Unlike business objectives and strategies that can change, Guiding Principles
are constant. They provide direction for project teams through all
circumstances, irrespective of changes in business goals, business strategies, or
type of work.
Project teams should always have a set of Guiding Principles to follow specific
to the project.
Guiding Principles present a set of rules that help project team members make
the right decisions when faced with a choice like:
How to answer a question about a requirement,
How to best solve a problem, and
How to manage scope.
When used in this way, Guiding Principles help project teams navigate difficult
project decisions and increase their chances of arriving at a successful
conclusion to their implementation.
IMPLEMENT THEN ENHANCE Answer - 1) We are NOT building a system from
scratch.
2) We are NOT bound by the way we have always done things.
3) We WILL challenge current processes.
4) We WILL leverage vendor best practices.
5) We WILL drive adherence to PolicyCenter alignment
6) We WILL strive for common workflows, processes, and systems across the
organization.
QUESTIONS AND ANSWERS | WITH COMPLETE
SOLUTION
When requirements are not aligned? (Maximizing product Value) Answer - -
Every day, thousands of decisions are made on a project by people who bring
their own requirements and focus through their area of expertise.
- These decisions can divert requirements away from the business objectives.
The result - requirements that are not strategically aligned.
The impacts include:
- Cost overruns for the project.
Increased technical debt.
- Time to market may delay or prevent benefits realization.
- Team members may be frustrated when not working toward the same goal.
The develop the legacy system they had.
They end up with a system with no value.
- To avoid this, project teams must confirm strategic value alignment.
Every day, thousands of decisions are made on a project by people who bring
their own requirements and focus through their area of expertise. These small
decisions, over time, add up and, if unchecked, can divert a project away from
the business obiectives. The result; the requirements are not aligned with the h
business objectives or business strategy.
,The impacts of misaligned requirements can be very expensive with time and
money spent developing unnecessary features. This effort can lead to cost
overruns for the project. Additionally, increased development pulls resources
away from innovation efforts and, at the same time, increases technical debt
with time spent developing and testing the requirement for implementation
and future releases. The additional development time can be further
detrimental to financials when the time to market causes benefits realization to
be delaved or prevented.
Without clarity of project goals, project team members may each have
different objectives in mind. This can lead to frustration when not all are
working toward the same goal.
When requirements are not aligned with business objectives, insurance
companies can develop the legacy system th
Confirming value alignment is really all about ensuring that Answer -
everything we do, all the decisions we make, and the solutions we develop, are
in support of the business objectives.
Identifying Risk for Simple, Small Business Policies Answer - Let us practice
using business strategy as a guide. This activity demonstrates how
understanding business objectives can impact project decisions and, ultimately,
the alignment of the solution.
Scenario 1 - Identifying Risk for Simple, Small Business Policies Answer -
Succeed Insurance would like certain risks reviewed by an underwriter before a
Simple Small Business policy is issued. To eliminate the need for agents to
identify and manually send an issue to Underwriting, Succeed would like to
automate the process by creating Underwriting Rules for each risk. With this in
mind, they have identified several risks they would like their underwriters to
review. However, they want to avoid underwriting rules that would create too
many manual approvals.
,your thoughts?
- What requirement for an underwriting rule did you select to implement?
Explain your choice.
- What information was key to making your decision?
- Did you find yourself wanting to know more information? If yes, what did you
want to know?
- Why would additional information have helped?
- If working as a group, were all team members aligned with the decision on
what to implement? Why or why not?
Use Strategy to Guide You:
Now, repeat the same process, but this time start by reviewing the Business
Objectives and strategies for Succeed Insurance.
Succeed Insurance Business Objectives and Strategies
1. Achieve improved speed to market by:
Increasing straight-through processing
Increasing business efficiency through improved automation
2. Maintain Underwriting excellence by reducing loss experience
Note: These business objectives and strategies are listed in order of priority.
Knowing that Succeed wants to avoid underwriting rules that create too many
manual approvals and, at the same time, achieve these business objectives,
which requirement would you choose?
Conclusions:
Now that you have completed this exercise, you should conclude: without
strategy; we will struggle with alignment and decision-making.
The strategic objectives of the business need to be in the forefront of every
team member's mind throughout the implement
, Could a project leverage InsuranceSuite to the fullest, align changes with
strategic objectives, and still fail? Answer - The answer is, Yes.
Operating without Guiding Principles, is like operating a boat without a rudder
- there is no clear direction. Without direction, project teams can make
decisions that are not aligned with what is important to the business. Guiding
Principles create a culture where evervone understands what is important.
Unlike business objectives and strategies that can change, Guiding Principles
are constant. They provide direction for project teams through all
circumstances, irrespective of changes in business goals, business strategies, or
type of work.
Project teams should always have a set of Guiding Principles to follow specific
to the project.
Guiding Principles present a set of rules that help project team members make
the right decisions when faced with a choice like:
How to answer a question about a requirement,
How to best solve a problem, and
How to manage scope.
When used in this way, Guiding Principles help project teams navigate difficult
project decisions and increase their chances of arriving at a successful
conclusion to their implementation.
IMPLEMENT THEN ENHANCE Answer - 1) We are NOT building a system from
scratch.
2) We are NOT bound by the way we have always done things.
3) We WILL challenge current processes.
4) We WILL leverage vendor best practices.
5) We WILL drive adherence to PolicyCenter alignment
6) We WILL strive for common workflows, processes, and systems across the
organization.
