An agile portfolio management model for the insurance sector: the APMI model

Detalhes bibliográficos
Autor(a) principal: Dias, Vasco Franqueira
Data de Publicação: 2023
Outros Autores: Tenera, Alexandra B.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://doi.org/10.12821/ijispm110204
Resumo: Nowadays, the increasing uncertainty and instability make it crucial for traditional companies to become more agile and able to act fast on consumer needs and expectations. Therefore, many insurance companies are seeking to increasingly adopt Agile practices to become more effective, faster, and leaner in their critical processes. On the other hand, several companies are strengthening their planning methodologies by implementing Portfolio Management models. These models enable them to manage their initiatives in a more integrated and efficient manner that is strategically aligned, minimizes complexity, and provides higher flexibility when responding to uncertainty. Given the limited scientific knowledge in combining Agile and Portfolio Management (PfM), particularly in the insurance industry, a new Agile Portfolio Management (APfM) model, the APMI – Agile Portfolio Management for insurers was designed and tested, showing how Agile and PfM international practices can be conciliated with current insurance industry-specific practices. Results revealed a high satisfaction level with the model implementation, indicating that the proposed model can foster a greater strategic alignment, increase the organization’s strategic focus, promote transversal alignment and visibility, and support the organization’s capacity coordination.
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spelling An agile portfolio management model for the insurance sector: the APMI modelagileportfolio managementinsurance industrystrategic planningNowadays, the increasing uncertainty and instability make it crucial for traditional companies to become more agile and able to act fast on consumer needs and expectations. Therefore, many insurance companies are seeking to increasingly adopt Agile practices to become more effective, faster, and leaner in their critical processes. On the other hand, several companies are strengthening their planning methodologies by implementing Portfolio Management models. These models enable them to manage their initiatives in a more integrated and efficient manner that is strategically aligned, minimizes complexity, and provides higher flexibility when responding to uncertainty. Given the limited scientific knowledge in combining Agile and Portfolio Management (PfM), particularly in the insurance industry, a new Agile Portfolio Management (APfM) model, the APMI – Agile Portfolio Management for insurers was designed and tested, showing how Agile and PfM international practices can be conciliated with current insurance industry-specific practices. Results revealed a high satisfaction level with the model implementation, indicating that the proposed model can foster a greater strategic alignment, increase the organization’s strategic focus, promote transversal alignment and visibility, and support the organization’s capacity coordination.UMinho Editora2023-07-11info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.12821/ijispm110204https://doi.org/10.12821/ijispm110204International Journal of Information Systems and Project Management; Vol. 11 N.º 2 (2023); 81-99International Journal of Information Systems and Project Management; Vol. 11 No. 2 (2023); 81-992182-7788reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPenghttps://revistas.uminho.pt/index.php/ijispm/article/view/5200https://revistas.uminho.pt/index.php/ijispm/article/view/5200/5743Dias, Vasco FranqueiraTenera, Alexandra B.info:eu-repo/semantics/openAccess2023-07-15T09:30:14Zoai:journals.uminho.pt:article/5200Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T18:34:48.996474Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv An agile portfolio management model for the insurance sector: the APMI model
title An agile portfolio management model for the insurance sector: the APMI model
spellingShingle An agile portfolio management model for the insurance sector: the APMI model
Dias, Vasco Franqueira
agile
portfolio management
insurance industry
strategic planning
title_short An agile portfolio management model for the insurance sector: the APMI model
title_full An agile portfolio management model for the insurance sector: the APMI model
title_fullStr An agile portfolio management model for the insurance sector: the APMI model
title_full_unstemmed An agile portfolio management model for the insurance sector: the APMI model
title_sort An agile portfolio management model for the insurance sector: the APMI model
author Dias, Vasco Franqueira
author_facet Dias, Vasco Franqueira
Tenera, Alexandra B.
author_role author
author2 Tenera, Alexandra B.
author2_role author
dc.contributor.author.fl_str_mv Dias, Vasco Franqueira
Tenera, Alexandra B.
dc.subject.por.fl_str_mv agile
portfolio management
insurance industry
strategic planning
topic agile
portfolio management
insurance industry
strategic planning
description Nowadays, the increasing uncertainty and instability make it crucial for traditional companies to become more agile and able to act fast on consumer needs and expectations. Therefore, many insurance companies are seeking to increasingly adopt Agile practices to become more effective, faster, and leaner in their critical processes. On the other hand, several companies are strengthening their planning methodologies by implementing Portfolio Management models. These models enable them to manage their initiatives in a more integrated and efficient manner that is strategically aligned, minimizes complexity, and provides higher flexibility when responding to uncertainty. Given the limited scientific knowledge in combining Agile and Portfolio Management (PfM), particularly in the insurance industry, a new Agile Portfolio Management (APfM) model, the APMI – Agile Portfolio Management for insurers was designed and tested, showing how Agile and PfM international practices can be conciliated with current insurance industry-specific practices. Results revealed a high satisfaction level with the model implementation, indicating that the proposed model can foster a greater strategic alignment, increase the organization’s strategic focus, promote transversal alignment and visibility, and support the organization’s capacity coordination.
publishDate 2023
dc.date.none.fl_str_mv 2023-07-11
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://doi.org/10.12821/ijispm110204
https://doi.org/10.12821/ijispm110204
url https://doi.org/10.12821/ijispm110204
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://revistas.uminho.pt/index.php/ijispm/article/view/5200
https://revistas.uminho.pt/index.php/ijispm/article/view/5200/5743
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv UMinho Editora
publisher.none.fl_str_mv UMinho Editora
dc.source.none.fl_str_mv International Journal of Information Systems and Project Management; Vol. 11 N.º 2 (2023); 81-99
International Journal of Information Systems and Project Management; Vol. 11 No. 2 (2023); 81-99
2182-7788
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
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collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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