Case Study: Global insurer streamlines life reinsurance bordereaux with SolveXia

How global insurer that used SolveXia's automation solution to fix its life insurance bordereaux problem

a global insurer with over 50,000 employees was facing challenges with its complex and fragmented data-intensive procedures for calculating life reinsurance premiums. The process relied on difficult-to-maintain scripts, was hard to scale, and lacked transparency, making it a "black box" that was difficult to audit. The company turned to SolveXia for an automation solution.

SolveXia implemented an automated end-to-end process that provided complete visibility and enabled business users to manage rules. The results were significant; new products and treaties were added in less than one-tenth the time, and the process completion time was reduced from over 4 hours to under 1.5 hours. The solution also provided comprehensive exception reporting and processed over 500,000 benefits, bringing new efficiency and control for the global insurer.