Case Study: a Fortune 100 global insurer streamlines statutory reporting with EXL and Sovos

Fortune 100 Global Insurer saves 300+ hours with EXL

EXL helped a Fortune 100 global insurer overcome significant challenges with its slow and inefficient statutory reporting process. The customer's NAIC reporting was time-consuming, strained IT resources, and required extensive manual validation, which impacted overall effectiveness.

By deploying the Sovos Statutory Reporting Solution, EXL streamlined the insurer's entire reporting process. The solution provided real-time validations, automated data roll-forwards, and a centralized platform for filings. This enabled EXL's client to save over 300 hours in its first annual close, significantly improve report accuracy, and gain better control over reporting cycles for more efficient and compliant operations.