SolveXia appointed by Forester Life – New technology for the UK life insurance market

SolveXia, a leading provider of next-generation SaaS-based data analysis and BPA solutions, has announced its appointment by Forester Life.

The new contract will see Forester Life using the SolveXia platform for data transformation and validation, modelling and consolidated reporting.

Mark Schneider, Managing Director of SolveXia, said, “We are delighted to further expand SolveXia’s client base by entering the financial services market with Forester Life, a company that values the opportunity to transform the speed, accuracy and degree of sophistication applied to their data, analytics and reporting.”

Karina Lo Dico, Chief Actuary at Forester Life, said, “Our ambition is to streamline and automate our business function to provide great results for our internal and external customers. Solvexia pitched a terrific product, and we are excited to implement this innovative and easy-to-use technology to advance our business function. SolveXia’s technology means we can build on our current processes and customise at will. It allows us to implement automation rapidly in a business as usual environment.   We are impressed with the results that have been achieved, our time savings, increased confidence in our output and an improved quality of our analysis.”

SolveXia, founded in early 2008 by experienced actuaries and bankers, operates across the UK, Europe, the U.S and Australia. It works with a range of international clients in the insurance, banking, private equity and travel industries.

SolveXia’s approach enables deep and ongoing analysis by combining and transforming data from multiple sources and formats, processing it reliably with detailed audit trails and automatically documenting complex processes. Key person-dependency is eliminated and processing time is typically reduced by 90%. Post implementation, clients describe a culture shift occurring with key personnel in a significantly stronger position to pay greater attention to analysis, management and communication of results.

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Notes to editors

SolveXia is a technology partner for leading international businesses, delivering data analysis, process excellence and improved productivity through web-based automated solutions.  SolveXia’s powerful and versatile approach enables timely, accurate, previously unachievable analysis via an easy-to-use drag and drop platform, integrated database, reporting dashboard and soon to be introduced calculation engine.
www.solvexia.com

Forester Life is part of the international financial services organisation, Foresters Financial, which has a history of operating for over 140 years and now looks after more than 3 million members and customers across the UK, Canada and United States.  In the UK we offer savings, investments and protection products and our financial strength helps families achieve their financial goals and make a lasting difference in their lives and communities.
www.foresters.com

Press contact:
SolveXia: Claire Corrie 07914 148494; Forester Life: Sarah Reynolds  020 8628 3432

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