Insurance Leader Boosts Underwriting Productivity by 30% with Skan

  • IndustryInsurance
  • Company Size 2000+
  • Revenue $10B+
  • Location United States
01

Our Client

The client is a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance. Their insurance solutions address customers’ most pressing challenges in over 100 countries and across six continents. 

02

Objective

The client aimed to drive global harmonization of processes, workforce productivity, and automation discovery. To achieve this, they wanted to establish a global model office for underwriting operations to establish an operations prototype for three diverse groups.

The business objective was to reduce costs, achieve scalability, deliver operational excellence, and improve customer experience through improved Turnaround Time (TAT).

Cost Savings
$11M

annual savings with utilization improvement and process standardization.

Efficiency
30%

improvement productivity across teams.

03

Solution

Skan was deployed on 100% of the operator machines, including underwriters, underwriting agents, and outsourced Business Process Operators (BPOs) for back-office support. 

Skan captured the underwriting process across this broad base of users, observing the detailed actions and outcomes during the end-to-end process. The strategy revealed unmatched granular metrics at the operator level. 

Through this comparison analysis of process models, Skan identified variability across three operator groups and produced detailed metrics into their performance differences. The customer used this information to benchmark outcomes, predict volume, and plan new training initiatives. 

04

Outcome

They were able to establish new Standard Operating Procedures (SOPs) and baselines for the Underwriting process. By comparing behaviors against KPIs, they could eliminate non-value-added tasks (specifically for underwriters). 

Also, by aligning tasks with skill sets, they were able to eliminate redundant activities among underwriters, assistants, and BPOs. Implementing the insights from Skan helped the client improve productivity by 30% across all teams. 

Similar Posts

Subscribe to our Newsletter

Unlock your transformation potential. Subscribe for expert tips and industry news.