Case Study: FBL Financial Group streamlines reinsurance and improves control with Duck Creek Reinsurance

FBL Financial Group speeds reinsurance billing and claims recovery with Duck Creek

FBL Financial Group, a property-casualty insurance conglomerate, faced challenges with its growing and complex reinsurance program. Heavy reliance on manual Excel spreadsheets made reporting cumbersome and time-consuming, necessitating an automated solution to improve efficiency and strengthen internal controls. To address this, they partnered with vendor Duck Creek Technologies to implement Duck Creek Reinsurance.

The solution from Duck Creek automated the application of complex reinsurance terms and calculations, seamlessly integrating with financial systems. This streamlined FBL's processes, resulting in more efficient operations, enhanced control over calculations, and faster billing and cash collection. The automated system reduced time spent on data entry and allowed teams to focus on more value-added activities, significantly improving overall cash flow.

FBL Financial Group