Insurance – Reinsurance Recoveries

This case study portrays how a global insurance company used SolveXia’s automated process to solve its reinsurance recoveries problem.

Client: Insurance company with over 6.5 million policy holders worldwide.

Problem: Need to determine how much money to recover from their reinsurers each month for claims.

Solution: Automated process to compare claims data to reinsurance rules and calculate the amounts to be recovered.

Key metrics: 

  • Initial automation deployed in under 3 months
  • End-to-end process in 5 hours
  • 70 steps automated
  • 25,000+ claims calculated
  • Saves 4 days manual work
  • Reduces human error
  • Reduces key person dependency

Download the case study

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