from insurance business strategies to it execution using business architecture

From Insurance Business Strategies

Email: info@biz-architect.comPhone number:

(855) 798-2042 (USA & Canada)

to IT ExecutionUsing Business Architecture

Benefits of a Business Architecture Practice Based on Expecting Savings

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• ROI in Q4 after initiating Business Architecture• IRR: 200-350% per year

• 66% of HR and IT departments develop strategic plans that are not linked to the enterprise strategy.

Sources: the first 2 bullets are derived from The Strategy-to-Execution Process: A Critical Component of Transient Competitive Advantage in the European Business Review on November 7, 2013 and the last bullet is derived from various additional studies made by Towers Watson, Harvard Business Review, and McKinsey & Co.

Today’s Financial Institutions Disconnects

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• 95% of employees do not understand their organisation’s strategy

• Only 25% to 30% of business transformation initiatives are successful over the long term

Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map

BusinessArchitecture

11 Maps Related to Business Architecture

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Requirement Map

Process Map (BPMN)

Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map

BusinessArchitecture

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Requirement Map

Process Map (BPMN)

Mission + Vision + Objectives + Goals

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Vision + Objectives + Goals

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Strategies & Tactics

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Company CD and/or Company AB Opportunities

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Company AB Opportunity SWOT Assessment

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Company AB – Initiatives to Fix Weaknesses

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Company CD – Initiatives to Fix Weaknesses

IRIS Business Architect Copyright 2016 – All Rights Reserved

Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map

BusinessArchitecture

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Requirement Map

Process Map (BPMN)

Initiatives to Purchase Company AB

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Company AB Integration Road Map

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Company AB Purchase Costs of Integration

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Company AB’s Human Resources Integration Sub-Initiative Diagram

IRIS Business Architect Copyright 2016 – All Rights Reserved

Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map

BusinessArchitecture

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Requirement Map

Process Map (BPMN)

Organization Chart

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Capabilities Relevant to the HR Department

IRIS Business Architect Copyright 2016 – All Rights Reserved

Initiatives Relevant to the HR Department

IRIS Business Architect Copyright 2016 – All Rights Reserved

Processes Relevant to the HR Department

IRIS Business Architect Copyright 2016 – All Rights Reserved

Requirements Relevant to the HR Department

IRIS Business Architect Copyright 2016 – All Rights Reserved

Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map

BusinessArchitecture

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Requirement Map

Process Map (BPMN)

Initial Insurance Policy Purchase Value Stream Diagram

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Initial Insurance Policy Purchase Value Stream/Capabilities

IRIS Business Architect Copyright 2016 – All Rights Reserved

Source: Panorama 360 Insurance Frameworks

Performance Heat Map on Initial Insurance Policy Purchase

IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks

Identify Customer Opportunities Measurements

IRIS Business Architect Copyright 2016 – All Rights Reserved

Processes Mapped to Value Stages

IRIS Business Architect Copyright 2016 – All Rights Reserved

Value Map

Capability Map

Stakeholders Map

Organization Map

Information Map

ProductMap

Asset Map

Initiative Map

Strategy Map

BusinessArchitecture

Benchmark Consulting Canada Copyright 2016 – All Rights Reserved

Requirement Map

Process Map (BPMN)

Capability Map (Level 1)

IRIS Business Architect Copyright 2016 – All Rights Reserved Source: Panorama 360 Insurance Frameworks

Tier-2 Customer Facing Capabilities (level 1 & 2)

IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks

Performance Heat Map on Tier-2 Customer Facing Capabilities (level 1 & 2)

IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks

Business Complexity Measurement on Tier-2 Customer Facing Capabilities (level 1 & 2)

IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks

Capability/Org Chart Cross Mapping

IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks

Capability/Information Concept Cross Mapping

IRIS Business Architect Copyright 2016 – All Rights ReservedSource: Panorama 360 Insurance Frameworks

Assets Mapped to Capabilities

IRIS Business Architect Copyright 2016 – All Rights Reserved

Source: Panorama 360 Insurance Frameworks

Requirements Mapped to Capabilities

IRIS Business Architect Copyright 2016 – All Rights Reserved

Source: Panorama 360 Insurance Frameworks

Panorama 360

• 613 Business Capabilities• 502 Information Concepts• 472 relationships between

Capabilities and Information Concepts

• Learn more here:http://biz-architect.com/iris-insurance-wealth-management-framework-ready-prime-time/

Source of Business Capabilities and Information Concepts

IRIS Business Architect Copyright 2016 – All Rights Reserved

Panorama 360

Thanks!

IRIS Business ArchitectEmail: info@biz-architect.com

Phone numbers: (855) 798-2042 x2010 (USA & Canada)

+1-514-798-2042 x2010 (elsewhere)