Case Study: Xchanging achieves 50% operational improvements and transforms settlement from months to seconds with Pegasystems (Pega)

Xchanging and Pega Bring Innovation to the Global Insurance Market

Xchanging is a global provider of technology-enabled business services focused on insurance, managing the Lloyd’s of London bureau that controls more than £30bn of annual premiums. Faced with growing volume and complexity in claims and premium processing, Xchanging needed better efficiency, stronger regulatory compliance and tighter controls over client money and capital.

Xchanging built Netsett on Pega 7, a central accounting and net settlement service that auto-matches and processes millions of transactions in seconds. The solution delivered a 50% improvement in operational efficiency for cash allocation, reconciliation and policy administration, faster settlement (from months to seconds), improved regulatory control and security, and flexible deployment on‑premise, on the Pega Cloud or both.

Xchanging

Sean Norris

Director of Netsett