Case Study: a top 3 global insurance company achieves faster claims processing and IFRS 17 compliance with Yellowbrick Data

Yellowbrick Data Warehouse brings faster, more accurate underwriting and IFRS 17 compliance to billions of policies

Global Insurance Company, one of the world's top three insurers, was struggling with a slow and inflexible patchwork of legacy data warehouses. These systems were too unreliable and expensive, severely hindering crucial operations. Their challenges included an inability to efficiently process billions of policies, meet strict IFRS 17 compliance mandates, and complete claims ratio calculations, which took two full days.

The company chose the Yellowbrick Data data platform to modernize its infrastructure. Implementing Yellowbrick resulted in queries running 400 times faster, enabling the firm to become the first in its country to achieve IFRS 17 compliance. They dramatically accelerated policy expense and claims ratio processing from several days down to just two hours, while also empowering hundreds of users to run concurrent queries without latency.