A Japanese division of one of the largest insurance providers engaged Trindent to improve productivity and implement effective management processes.
64%
PRODUCTIVITY IMPROVEMENT
32%
REDUCTION IN PROCESSING ERRORS
21%
REDUCTION IN LABOR HOURS
HOW WE MADE IT HAPPEN
Upgraded the customer error reduction program, leading to a significantly improved customer experience:
- Implemented an error reduction program to analyze and eliminate errors on customer submitted documents reducing errors by 50%.
- Identified alternate mail methods for documents returned to customers based on risk of error.
Improved reporting and management systems:
- Installed area and team dashboards.
- Implemented early warning management system to immediately identify variances to plan and enable management to take corrective action Installed short-interval feedback mechanism to drive performance accountability throughout all levels of staff.
Implemented ‘Straight Through’ processing:
- Consolidated and processing across teams and implemented ‘Straight Through’ processing strategies across the business, saving over 25,000 hours per year Implemented workload balancing tools which contributed to 21% reduction in labor costs.
- Developed a risk profile and eliminated multiple checks according to process risk level.