This IT project is part of our digitalization and optimization of our customers’ IT landscape. Through targeted measures, we promote technological progress, optimize cross-system processes and create a sustainable basis for future developments. Our IT reference projects serve as a basis for orientation. They support the reusability of tried and tested concepts as part of project implementation.
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Planning tool maintenance and development
Project duration: 1 year
Brief description
Further development of a tool for planning the insurance business (see project 2657). It allows to plan business cases in any granularity to fulfill the US GAAP accounting standards and calculate key performance indicators. This project aims to optimize, visualize and automate existing processes.
Supplement
Key figures according US GAAP standard are calculated more granular. Structure definition of plan units is simplified by meta data. Batch processes are modularized to achieve a better transaction handling.
Subject description
The planning is done based on existing contracts which are imported from the booking system. Additional contracts can be created within the planning tool. Existing ones can be cancelled or deleted. Similiar contracts are grouped to portfolios on which three planning steps are performed: 1. Manually adjust the actual values 2. Apply deviation of parameters like premiums, costs and damages (called "business cases") 3. Manually adjust the calculated values Pivot tables visualize the finished planning. The calculated planning data written back to the booking system is the basis for economic valuation and US GAAP reporting. Because the planning tool is used worldwide only for a limited time slot, the availability has to be guaranteed 24/7 during the planning process.
IT project data
- Industries insurance
- Specialist tasks accounting, accounting evaluation, balance sheet, reinsurance
- DP tasks customised software further development
- System environments Client/Server, host systems
- Procedure model customer standard
- Programming languages Enterprise COBOL for z/OS, Java, VBA
- Databases DB2
- Development and test tool Eclipse, QMF, Subversion
- Operating systems Windows 7, z/OS
- System software IBM WebSphere Application Server, Maven
- Middleware and frameworks Hibernate, JDBC
Project period01.09.2012 - 31.08.2013
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