Case Study: Leading Health Insurer achieves 30% reduction in NAIC MAR audit costs with Precisely

Precisely Uses Automated Analysis to Rein in Compliance Costs for a Leading Health Insurer

Leading Health Insurer, a large customer-owned health insurer, faced a mandate to comply with SOX and NAIC MAR across dozens of financially critical applications and interfaces (77 identified, 39 prioritized for assessment). Lacking automated controls, real-time monitoring, standardized exception tracking and three-year retention, the insurer engaged Precisely (Precisely Strategic Services) to assess gaps and recommend a centralized, automated analysis and visibility platform.

Precisely conducted interviews and process reviews, identified 23 control improvements in 13 interfaces, and recommended end-to-end monitoring and a centralized visibility platform fed by automated analysis. The Precisely solution closed analytic deficiencies across all critical interfaces, automated manual controls, standardized error-resolution documentation, retained results for three years, improved operational visibility and KPIs, and lowered NAIC MAR audit costs by 30%.