Wednesday, December 23, 2015  05:04 PM
    
    
    
    
        
    
    
    In the spirit of the saying, “Companies who do little extra than others are rewarded much more”, we would like to introduce you to the IRBI.
    
    
        
            | As insurance IT market continues to mature, the consensus is that solution providers either have to scale-up or be a specialist in order to survive. IRBI helps solve the typical challenges associated with each of these two goals at a fraction of the cost of the alternatives. 
 |  | 
    
Typical challenges in sustaining the competitive edge for the solution providers:
    
    
        
            | Scaling up | 
        
            | Business Domain Training to Staff | Models in the IRBI are being used to train staff across the entire spectrum of an operational insurance organization in a concise package: - The Business Model (with over 1140 core insurance processes along with Metrics, Roles, Locations, Events and Information)- The Information Systems Model
 - The Technology Model
 | 
        
            | Maintain consistency  | Each of the above models has a visual view backed by detailed descriptions for each element, enabling a common understanding irrespective of the backgrounds of the individuals viewing the models. This is being leveraged by service providers for accelerators like: - Feature / Use case repository- Taxonomy for Reusable Test case repository
 - Taxonomy for Reusable component catalog
 - Showcasing thought leadership with customer
 | 
        
            | Be a specialist | 
        
            | Depth of knowledge | The models in the IRBI are much more detailed than a typical solution provider can ever do on its own. For example, the business model has 1100+ business processes/functions, a full set of strategic metrics, roles, locations, events, and data. Solution providers are using these as accelerators for: - Requirements Gathering- Process Optimization Engagements
 - Architecture Engagements
 | 
        
            | Breadth of knowledge | The IRBI covers a full view of the insurance organization across its business, information systems, and technology.Solution providers are using this to benchmark their current and planned coverage of the insurance value chain. | 
    
 
Don’t be left behind the other solution providers who are leveraging the Industry Reference Blueprint to add to their competitive edge; visit www.referenceblueprint.com now and know more. You may qualify to receive the updated versions of the Blueprint free-of-cost based on your contributions.
ReferenceBlueprint.com