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Job description
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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
Responsibilities
Job requirements
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.
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