Case Study: a large life insurer achieves daily unit price reconciliations in minutes with SolveXia

How large life insurer company that used SolveXia's automated processes to solve its daily unit price reconciliations

A large life insurer with over 3.5 million policy holders was facing a critical operational challenge. The company was dependent on a single key staff member to perform a complicated and undocumented daily unit price reconciliation against their custodian. This manual process was an inefficient use of expensive resources and carried a high cost of error. The insurer turned to SolveXia's automation platform to find a solution.

SolveXia implemented an automated daily reconciliation process that collects, validates, and transforms data before comparing it against the general ledger. This solution completely removed the dependency on key staff, with the process now completing in just two minutes instead of over an hour. Senior management gained confidence in the consistent, daily processing, and the automation resulted in aggregate time savings of more than two days each month for the large life insurer.