Case Study

US Based Lifeand Annuity Carrier Reduces the Cost of its Illustrations Program by more than $2M Annually

US Based Lifeand Annuity Carrier Reduces the Cost of its Illustrations Program by more than $2M Annually

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neosllc.com | 860-519-5601 ©2019 NEOS CL IEN T CASE S T UDY US B ased Life and A nnuit y Carrier Reduces the Cos t of its Illus t rations P r ogram by mor e than $2M A nnually Company: Leading mutual life Insurance company Industry: Insurance Line of Business: Life Location: USA Challenge: The client lacked the capacity needed to drive the implementation of recommendations Services: Program Optimization and Performance Program Value Assurance Results: Ongoing program run rate was reduced by $2M per year BUSINESS PROBLEM The client worked with NEOS to generate a roadmap of optimization opportunities within its illustrations program, but lacked the capacity needed to drive the implementation of these recommendations. Alongside the roadmap, the client was committed to

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