Plano, TX — February 3, 2021 — Exdion Solutions, Inc, the leading Insurtech solutions provider today announced that ExdionPolicyCheck, a futuristic AI platform for automated policy checking, has been implemented pan US by a Top P&C Broker. The client is a wholly owned subsidiary of a Top 5 US broker with over $1 Billion in annual revenue and caters to middle market business.
In the past, the client was using manual processes for policy checking by inhouse and outsourced teams. The client was facing delays, high E&O errors and poor customer service.
Implementation of ExdionPolicyCheck offered several advantages:
- 90% reduction in time taken for completion of policy review
- Cost savings of over 45% compared manual process
- Significantly improved customer satisfaction scores
- Productivity of CSRs improved by 60%
A visibly happy CXO, mentioned that the rollout of ExdionPolicyCheck has accelerated their journey towards digital transformation. ExdionPolicyCheck has demonstrated the value that automation and digital technologies can bring to back office operations of P&C insurance brokers.
L S Ram, Exdion’s CEO, said “This has been a marquee win for Exdion and validates the high value our solution can bring to insurance operations. ExdionPolicyCheck adoption was achieved within 60 days and the client realized the benefits within 2 quarters, without disruption to existing operations. We believe complete adoption of ExdionPowerBroker, our digital suite for P&C insurance brokers, of which ExdionPolicyCheck is a module, will further strengthen our client’s market leadership and build a strong “digital broker” practice.”
Exdion Solutions is an Insurtech that partners with Insurance agencies and brokers to enable future ready businesses. Servicing some of the most successful global insurance businesses, Exdion’s solutions focus on delivering sophisticated technology through simple, flexible and affordable engagement models. Exdion delivers a suite of digitization tools and platforms that work in tandem with agency management systems cutting across new business generation, renewals, retention and compliance.