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INSURANCE
Case Study
Life Insurance
Business Process Reengineering using Six Sigma
 
 
The client

A leading reinsurance company.

 

The business challenge

The client wanted to reengineer New Business processes for Facultative and Treaty reinsurance for managing the service effectively and efficiently.

 
The solution

Wipro first carried out a Six Sigma-based process mapping for Treaty Proportional/Non-Proportional and Facultative Proportional/ Non-Proportional. The team identified process leakages, defined process performance metrics and identified technology enablement opportunities. This facilitated a roll-out of shared, streamlined processes

Measurable business benefits
Reduced premium outstanding
Collapsed time for policy booking and premium collection
Provided a launch pad for migrating the process globally from one region
 
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