Insurance - Reinsurance Recoveries

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

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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