Case Study: A Leading Provider of Reinsurance achieves automated reporting and in-house XBRL with CCH Tagetik

Leading Provider of Reinsurance - Customer Case Study

A leading public provider of property, casualty and finite‑risk reinsurance headquartered in Bermuda with offices in New York and Chicago, the company comprises six legal entities and relied on a six‑person finance reporting team to deliver tight internal and external deadlines (10‑Q/10‑K, earnings releases, board packs). The team struggled with a manual, spreadsheet‑driven consolidation process—about 10 linked workbooks with circular links, inconsistent calculations and rounding, time‑consuming reviews, high error risk and dependence on IT—while needing to bring XBRL tagging in‑house.

The company selected Tagetik to automate corporate performance management and financial reporting; the solution (implemented in 2011) provided an Excel/Word‑friendly, finance‑driven platform with built‑in consistency checks and XBRL capabilities. Reporting became automated and easier to update, rounding/balancing errors were eliminated, spreadsheet complexity was reduced, XBRL tagging moved in‑house, and the six‑person team saved roughly 40 hours per person per quarter while gaining stronger controls and confidence in results.