The Challenge
A major Swiss reinsurer was processing 450+ treaty bordereaux monthly using a team of 12 accountants. Manual reconciliation took 15-20 days per cycle, with 6% error rates causing disputes, delayed payments, and strained cedent relationships. The process was unsustainable as the treaty book grew 25% year-over-year.
The Solution
Implemented Bordereaux Agent to automate extraction, reconciliation, and anomaly detection across all treaty types. The system handles proportional and non-proportional structures, validates against treaty terms, flags outliers, and generates exception reports requiring human review.
Implementation
Deployed Bordereaux Agent to process PDFs, Excel files, and structured data feeds from 200+ cedents. Trained on 5 years of historical bordereaux to recognize diverse formats and structures.
Built automated reconciliation engine matching premium and claims data against treaty terms. Integrated with accounting systems and payment workflows.
Created intelligent escalation system flagging anomalies requiring human judgment. Reduced accounting team from 12 to 4 FTEs focused on complex exceptions.
Results
Reduced accounting costs from $10.5M to $2.3M annually
Bordereaux reconciliation reduced from 15-20 days to 3 days
Improved from 94% manual accuracy to 99.7% automated accuracy
Cedent disputes reduced by 85% due to faster, more accurate processing
"The ROI was immediate and undeniable. We've reinvested savings into underwriting talent and cut our bordereaux cycle by 80%."