Case Study: PPS achieves faster, automated bordereau calculations with Solvexia

PPS speeds bordereau calculations 32x with SolveXia

PPS, a South African insurance provider for graduate professionals, faced a challenge with its manual, Excel-based reinsurance bordereau calculations. This process was time-consuming, required a key actuarial resource for weeks to update, and carried a significant risk of human error. To overcome this, PPS implemented an automation solution from vendor SolveXia.

By automating the process with SolveXia, PPS now processes over 700,000 transactions monthly. The solution generates management reports and individual bordereau reports for reinsurers. This has made calculations 32 times faster, reduced implementation of changes from days to hours, and freed up actuarial staff to focus on analysis. The SolveXia implementation provided full financial control and eliminated key person dependency.

PPS