Digital Transformation for Reinsurance Broker
Leading Reinsurance Broker
The Challenge
A prominent reinsurance broker was struggling with fragmented systems and manual processes that hindered their growth. Treaty management, premium calculations, and client reporting were done across multiple spreadsheets, leading to data inconsistencies and delayed settlements.
Our Approach
We implemented GENISYS to unify all operations on a single platform. The solution covered the entire brokerage lifecycle from placement to settlement. We integrated with their existing accounting system and built custom APIs for data exchange with major reinsurers.
Implementation Timeline
Business Process Review
Mapped existing workflows, identified inefficiencies, and designed optimized processes.
Core System Implementation
Deployed treaty and facultative management modules with custom configurations.
Integration Development
Built integrations with accounting system and reinsurer portals.
Data Migration & Training
Migrated historical data and conducted role-based training programs.
Rollout & Optimization
Phased rollout across departments with continuous improvement.
Results Achieved
Faster treaty placement through streamlined workflows.
Reduced average settlement time from 45 to 27 days.
Increased capacity to handle more business with same team.
Improvement in client satisfaction scores.
Client Testimonial
"GENISYS has become the backbone of our operations. We can now serve our clients faster and with greater transparency."
Ready to Achieve Similar Results?
Let's discuss how our solutions can help your organization overcome challenges and drive measurable improvements.