Wawanesa Mutual Insurance taps Capgemini to lead digital transformation

24 September 2018 Consulting.ca

Paris-based global technology consultancy Capgemini has been selected by Canadian property and casualty (P&C) insurance giant Wawanesa to guide its digital transformation effort. Capgemini’s IT revamp will utilize the software of Guidewire, a leading provider of digital products to the P&C insurance industry.

Founded in 1896, Wawanesa Mutual Insurance Company is the largest Canadian property and casualty (P&C) insurer, with $3 billion in annual revenues. Based in Winnipeg, the insurance firm’s 5,000 employees serve over two million policyholders from 50 offices across Canada and the US.

The firm has chosen leading technology consultancy Capgemini to guide their Strategic Systems Renewal program – a digital business transformation aimed at streamlining operations, reducing costs, and accelerating speed to market.

As part of the transformation, Capgemini will implement core and digital products from Guidewire, the leading provider of back-end software for P&C insurance carriers. Guidewire also offers a suite of analytics services. Capgemini will help upgrade Wawanesa’s operations with the core InsuranceSuite software (focused on underwriting, policy, billing, and claims management), CustomerEngage (consumer self-service account management and quote-and-buy services), and other Guidewire products.Wawanesa Mutual Insurance taps Capgemini to lead digital transformationCommenting on the contract with the Canadian insurance giant, Capgemini’s Insurance Business Unit Managing Director Shane Cassidy said, “The key to a successful implementation at Wawanesa is two-fold:  true collaboration between Wawanesa, Guidewire, and Capgemini as well as our using Capgemini’s methodology which allows multiple workstreams to be underway simultaneously providing quicker time to market and more value.”

France-based Capgemini has offices in Vancouver, Halifax, and Montreal, as well as 12 offices in the Greater Toronto Area. The consultancy’s global network of tech experts includes 200,000 team members in over 40 countries, with annual global revenues of €12.8 billion.

“We will benefit from the leadership capabilities Capgemini can provide from its many years of experience with Guidewire and insurance industry delivery knowledge, both with us, and many other large organizations throughout North America,” said Carol Jardine, President of Wawanesa Mutual’s Canadian P&C Operations.

Capgemini will use its Applied Innovation Discover Center in Toronto to hold collaborative strategic workshops with Wawanesa leaders to ensure a common vision for the firm’s digital transformation. The center helps clients “discover relevant innovations and to contextualize and experiment with them within their specific industry.”

Commenting on the project, Guidewire’s Chief Delivery Officer expected “another successful implementation as we team together on Wawanesa’s digital transformation.”

In other Capgemini news, the firm recently rolled its Consulting division, as well as some creative and analytics capabilities into a new business: Capgemini Invent.

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Syntax closes FIT deal, welcomes Quebec Minister of Economy and Innovation

19 March 2019 Consulting.ca

IT consulting and services firm Syntax Systems recently welcomed Pierre Fitzgibbon, Quebec Minister of Economy and Innovation, to its Montreal headquarters. At a joint press conference, the firm announced the completion of its acquisition of Germany-based SAP cloud specialist Freudenberg IT (FIT).

In January, Syntax – a portfolio company of Montreal-based private equity firm Novacap – announced a double acquisition of cloud ERP consulting firms EmeraldCube Solutions and FIT. EmeraldCube’s specialization lies in Oracle’s JD Edwards software, as well as Amazon Web Services, while FIT is a leading SAP partner. Novacap provided equity financing for the deals.

The acquisition of FIT augmented Syntax’s core offering in Oracle strategy and implementation with SAP software expertise, while extending the firm’s footprint into Europe, Latin America, and Asia-Pacific, as well as adding 850 employees. The EmeraldCube deal boosted the firm’s capabilities and presence in the US, adding to Syntax’s offices in New York City and Somerset, New Jersey.

Syntax closes FIT deal, welcomes Quebec Minister of Economy and Innovation

At a joint press conference attended by Quebec’s Minister of Economy and Innovation, Syntax announced the strategic acquisition is now official, after a six-week period of customary approvals.

"I am very proud of what our company has become. Thanks to these deals, Syntax can deploy its expertise in many new markets, such as Asia, Europe and Latin America, as well as reinforce its North American presence. Syntax will keep its head office in Quebec and wants to inspire other companies to conquer international markets. We look to the future with great confidence, because FIT and EmeraldCube Solutions share our values of customer success and excellence. We are now a major player in the industry," Christian Primeau, CEO of Syntax, said.

The FIT acquisition gives Syntax offices  in Germany, the US, China, Hungary, Slovakia, and Mexico. It also adds a strong client base in the automotive and manufacturing sectors, as well as a deep partner relationship with German ERP giant SAP.

“Quebec and its metropolis are locations that favour the development of information and communications technology as well as companies that are active in this cutting-edge sector. Syntax is demonstrating this by acquiring two international companies and continuing its growth," Minister Pierre Fitzgibbon said at the press conference. 

“This is a great example of a Quebec company that is distinguishing itself internationally and promoting our expertise throughout the world. I am delighted by this announcement, for Syntax and for Quebec as a whole," he added.