Insurance

Insurance - Reinsurance Recoveries

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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.

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

Client: Global 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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