Case study: Award-winning B2B insurance system
Date posted
5 December 2023
Reading time
5 minutes
British Multinational Insurer
Award winning B2B insurance system eliminating paper and saving time
The challenge
Kainos was selected as their technology partner to deliver an innovative web-based interactive system. The system was jointly developed and reduced the time to issue a policy from seven days to seven minutes.
The solution
Intermediaries can process quotes, write new business, complete insurance certificates and issue documentation
Scalable to:
- 60 million quotes per day
- 92 messages per second
- 250 GB per day
Ability to feed and consume existing data warehouse systems e.g. Exadata
Benefits and outcomes
£17 million additional profit
reducing time for meeting annual changes to regulatory reporting
£2 million in cost savings
over 4 years offloading processing to new data store
Improved customer insights
with customer matching across siloed products