A global data standards organization faced challenges to meet the demand of growing data volume and needed a solution to automate end-to-end insurance lifecycle and eliminate process inefficiencies.
The need was to build a next-generation Digital Message Transformation and Orchestration platform that ensures real-time message validation, transformation, orchestration, and conversion to the client’s standard formats.
A single processing engine for all insurance industry-relevant messages irrespective of the exchange type was required as well.
Xoriant Solution | Key Contributions
Xoriant experts improved operational effectiveness by streamlining financial agreements, premium and claims settlement processes through the Message Exchanging platform.
We created Queuing mechanism using a scalable Queuing solution using APIs.
Designed a multi-tenant architecture for multiple brokers and carriers.
40% reduced management and infrastructure costs with the solution.
Achieved scalability to manage increasing message volumes with AWS.