U.S. Based Life and Annuity Carrier Generates Roadmap in 8 Weeks to Reduce the Cost of Its Illustrations Program by $2M Annually
U.S. Based Life and Annuity Carrier Generates Roadmap in 8 Weeks to Reduce the Cost of Its Illustrations Program by $2M Annually
1 Pagesneosllc.com | 860-519-5601 ©2019 NEOS CLIENT CASE STUDY U.S. Based Life and Annuity Carrier Generates Roadmap in 8 Weeks to Reduce the Cost of Its Illustrations Program by $2M Annually Company: Leading mutual life Insurance company Industry: Insurance Line of Business: Life Location: USA Challenge: Identification of cost improvement opportunities with an Illustrations program Services: Program Value Assurance Results: The client approved a roadmap of tactical and strategic changes that later drove a $2M per year reduction to ongoing program run rate BUSINESS PROBLEM The client had previously reviewed its illustrations program and determined the cost to be much higher than they were willing to spend. The client implemented changes already to reduce the ongoing cos
