SolveXia Appointed by Forester Life - New Technology for the UK Life Insurance Market
SolveXia, a leading provider of next-generation SaaS-based data analysis and BPA solutions, has announced its appointment by Forester Life.
The new contract will see Forester Life using the SolveXia platform for data transformation and validation, modelling and consolidated reporting.
Mark Schneider, Managing Director of SolveXia, said, “We are delighted to further expand SolveXia’s client base by enteringthe financial services market with Forester Life, a company that values the opportunity to transform the speed, accuracy and degree of sophistication applied to their data, analytics and reporting.”
Karina Lo Dico, Chief Actuary at Forester Life, said, “Our ambition is to streamline and automate our business function to provide great results for our internal and external customers. Solvexia pitched a great product, and we are excited to implement this innovative and easy-to-use technology to advance our business function. SolveXia's technology means we can build on our current processes and customise at will. It allows us to implement automation rapidly in a business as usual environment. We are impressed with the results that have been achieved, our time savings, increased confidence in our output and an improved quality of our analysis.”
SolveXia, founded in early 2008 by experienced actuaries and bankers, operates across the UK, Europe, the U.S and Australia. It works with a range of international clients in the insurance, banking, private equity and travel industries.
SolveXia's approach enables deep and ongoing analysis by combining and transforming data from multiple sources and formats, processing it reliably with detailed audit trails and automatically documenting complex processes. Key person-dependency is eliminated and processing time is typically reduced by 90%. Post implementation, clients describe a culture shift occurring with key personnel in a significantly stronger position to pay greater attention to analysis, management and communication of results.