Case Study: a UK corporate achieves faster regulatory response and claims processing with EvoluteIQ

UK Corporate processes GBP 400M in claims with EvoluteIQ

The customer, a UK corporate, faced the dual challenge of responding to regulatory demands and automating its claims processing system for household and non-household customers. They turned to EvoluteIQ and its EIQ Platform to navigate these complexities and meet the requirement for a comprehensive audit trail for each claim.

EvoluteIQ implemented an intelligent solution that validated claims against business rules and featured an Auto-Resolution mechanism for straight-through processing. The platform was integrated with SAP for payment processing. This resulted in a 70% reduction in the claims handling team and processed GBP 400M worth of claims since launch, with the full solution deployed in just 10 weeks.