Case Study: Barbican Insurance Group reduces policy management costs by 30% with ClauseMatch

How ClauseMatch Helped Barbican Insurance Group Reduce Policy Management Costs by 30%

Barbican Insurance Group was looking for a better way to manage its policies and procedures frameworks as regulatory demands grew more complex. Manual, paper-based processes were time-consuming, costly, and made it difficult to maintain a single source of truth or clear audit trails. ClauseMatch’s policy management software as a service was evaluated through a 10-week Proof of Value at Lloyd’s Lab.

ClauseMatch implemented a collaborative document management solution with real-time editing, centralized storage, version control, and detailed audit trails. The Proof of Value showed that ClauseMatch could reduce policy management costs by 30%, standardize 75% of documents, cut policy documents by 50%, and reduce approval time by 15%, while also halving the time needed to update policies and procedures.

Barbican Insurance Group

Neil McGeachie

Managing Director