Case Study: NEOS Life achieves faster reinsurance and commission calculations with SolveXia

NEOS Life - Customer Case Study

NEOS Life, a specialist Australian life insurance business, faced a challenge with its slow and manual weekly process for calculating reinsurance, fees, and commissions. This spreadsheet-based task was taking a full day to complete, creating a burden on key staff and posing a significant risk as the company scaled. They selected the SolveXia automation platform to address this problem.

SolveXia implemented a solution that automatically combined data, performed complex calculations, and generated key reports. This automation slashed the processing time from days to just hours each week. The results included saving seven hours weekly, mitigating key-person risk, and providing NEOS Life with a scalable process to support its growth without needing additional staff.

NEOS Life

David Denison

Chief Financial Officer