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  • Process Redesign
    • Non-Profit Media Organization
    • Large Health Payer
    • Commerical Lines P&C Carrier
    • $1.5B Specialty P&C Carrier
    • Specialty Commerical P&C Carrier
    • Commerical Lines Residual Market Professor
    • Largest Illinois Health Insurer
    • Large Life Insurance Company
    • Largest Provider of Pre-Paid Cellular
    • $5.5B Int'l Transportation Manufacturer
    • $25B Healthcare Payer
  • Sourcing Advisory
    • $2B Healthcare Payer
  • Due Diligence
    • 2 Large P&C Reinsurance Companies
  • Subrogation
    • $2B Healthcare Payer
  • Healthcare
    • Large Health Payer
  • P&C
  • Life
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Commerical Lines P&C Carrier

Client: Large Commercial Lines P&C Carrier

Industry: Property & Casualty Insurance

Project Type: Redesign & Implementation


Business Issue:  

This Commercial Lines Group had set a goal to deliver even better customer service and make it easier for customers to do business with them while continuing to offer extremely competitive prices.

Actions:

  • Conducted a Process Improvement Strategy across the entire value chain from Submission to Issuance focusing on improving productivity
  • Developed recommendations to allow for faster, high-quality growth and more rapid premium growth, reduce the cost of operations, and afford continued competitive pricing
  • Implemented work teams, office organization structure, standard operating procedures, underwriter workstations, and compensation plans for 1,500 employees at 18 branches in 18 months

Results

  • Realized annual cost savings of $200 million over 5 years
  • Increased responsiveness to brokers and agents by improving turnaround time by 75%
  • Increased productivity by 25% by using a team approach
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