Client Background

• 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.

Key Benefits

• 40% reduced management and infrastructure costs with the solution.
• Achieved scalability to manage increasing message volumes with AWS.