News at One - Issue 14

“We needed an experienced practitioner’s view of how you deliver change in a complex, regulatory environment like ours. That’s when I thought of Project One.” Jon Whitaker The way they were delivering more ambiguous internal change was not allowing their knowledge to be effectively harnessed, to drive the best outcomes. Looking at how to tackle this, Jon decided to evolve the existing approach. “Using an off-the- shelf methodology and moving everyone to it quite quickly could have been quite disastrous - you can’t stop the bus and make those changes.” At the same time, they were delivering on the Guardian integration, and going into 2017 with big policy migrations from old systems on to their system, major regulatory changes were going through and they had kicked off a big deal with L&G which is now in full train. “We needed a vision of where we were trying to get to. It would have been easy to get a text book agile manifesto type approach from a whole range of external providers – I wasn’t convinced that was right for our business. We needed an experienced practitioner’s view of how you deliver change in a complex, regulatory environment like ours. That’s when I thought of Project One.” Said Jon.

Client focus

ReAssure

Originally founded in 1963, ReAssure is a life and pensions company which buys and administers complex closed books of business from other companies. The organisation is focused on acquiring business and not new business. Although ReAssure may not be a household name, they are not a small company. In fact, ReAssure is one of the biggest life companies in the UK – they have over 3 million policies on their books, and look after investments of over £44 billion for their customers. They have invested heavily in their buildings, infrastructure, IT and more; making the business far more dynamic, collaborative, results- focused and progressive. A joined-up change delivery function was imperative to the ongoing growth and success of the business. News at One met COO, Jon Whitaker, who shared how he approached the transformation of Change Delivery within ReAssure. Changing Change at ReAssure

the challenge

Following the acquisition of Guardian in 2016, the organisation restructured and rebranded as ReAssure. Jon Whitaker, who joined originally to integrate Guardian into ReAssure, then took on the role of COO, with a key objective to transform the change delivery function. “It was clear from the CEO’s brief that it was an area that needed a lot of focus. As an organisation, we had a good track record of delivering the big migrations of acquired businesses – our USP is bringing businesses into our in-house system set. We had not experienced the same level of success with delivering a wider range of smaller, value-adding change.” Said Jon. Although ‘big integration’ delivery was successful, as a growing business, ReAssure has an increasing amount of other change to go through. Their processes didn’t adapt themselves very well to more ambiguous change – it was taking too long, and behaviours were wrong – the change delivery functions were fragmented. Taking a traditional waterfall approach led to a lack of collaboration, which meant issues were not being discovered until late in the process.

Jon explained what he thought was key to the success of this programme. “We had to bring together a number of separate independent functions. I was determined to have one change framework that we all work to, regardless of function. Getting the behaviours right, where people are focused on the outcome first – rather than the process and their function – was absolutely key in driving the collaboration we knew we needed, to be successful.” Said Jon. The ReAssure business is complex. By definition, they inherit some of the more diverse and complex industry products, pulling them together, administering them out of one system, compliantly, and in a more cost-effective way. This involves an awful lot of knowledge of the underlying products, which you wouldn’t see in the market today, as well as expertise of their different business functions, administration systems and Financial Services regulatory knowledge – where the bar is continually being raised. Therefore, to be successful ReAssure had to harness their knowledge in those areas.

jon whitaker coo, Reassure

jane logie CONSULTANT, project one

Continued...

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