Life Insurance – Analysis of Change
This case study examines an Australian financial services provider which used SolveXia’s automated solution to fix its analysis of change problem.
Client: Australian financial services provider with over A$10 billion in revenues and 14,000 staff.
Problem: Movements in liabilities that are difficult and time-consuming to predict, understand and explain to management.
Solution: Automated solution to iterate through changes to model point data, run valuation model and analyse impact of each change on calculated liabilities.
- Automation deployed in under 3 months
- 80+ steps in the automated process
- Transformation of model point data for Reinsurance, Commissions, Policyholder attributes, Sum Assured, Benefit Attributes and more
- Process completes in under 20 minutes
- Generation of Excel reports and an online dashboard