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实例探究 > Scaling insurance quote capacity with reliable transcription

Scaling insurance quote capacity with reliable transcription

技术
  • 分析与建模 - 数据即服务
  • 功能应用 - 企业资源规划系统 (ERP)
适用功能
  • 商业运营
用例
  • 远程协作
服务
  • 系统集成
  • 培训
挑战
Before partnering with CloudFactory, IC struggled to manage rapid growth because of the inability to process a high volume of complex information quickly from its many agency partners. The company faced limitations in the number of quotes it could offer due to the time-consuming process of gathering necessary information. This bottleneck hindered their ability to expand their product line and sell more insurance in a competitive market. The challenge was to find a solution that could efficiently handle the influx of data and streamline the quote generation process.
关于客户
IC is a specialty insurer based in California, USA, with a company size of 11-50 employees. The company focuses on providing catastrophe insurance quotes for personal and commercial properties. With dozens of daily requests for quotes, IC needs to quickly organize incoming data from emails to enable underwriters to offer competitive quotes rapidly. The company faced challenges in managing rapid growth due to the time it took to process the high volume of complex information from its many agency partners. Partnering with CloudFactory has allowed IC to expand its product line and sell more insurance by efficiently handling data processing.
解决方案
IC partnered with CloudFactory, utilizing one of their managed teams in Nepal to organize and annotate email submissions. The 10- to 11-hour time difference between the U.S. and Nepal teams proved advantageous, allowing the Nepal team to work while the U.S. team was offline. This setup ensured that a queue of processed data was ready for the U.S. team each morning. Initially, CloudFactory took longer per submission to ensure accuracy, but as they got into a rhythm, they maintained high accuracy while speeding up the process. The low turnover rate of data analysts, with an average tenure of 16 months, contributed to the smooth operation. CloudFactory's managed workforce also assisted IC in transitioning to and launching a new submission platform, loading 1,000 records quickly and efficiently. The platform migration process took just two weeks and one training session, making the transition seamless.
运营影响
  • IC's business expanded due to CloudFactory's efficient data processing, allowing them to work with more agents and quote more business.
  • The long-term partnership with CloudFactory resulted in a dedicated team that understands IC's business, quirks, and abbreviations, enhancing operational efficiency.
  • The Nepalese-managed workforce received a living wage for their respected and valued work, contributing to employee satisfaction.
数量效益
  • 5+ year partnership with CloudFactory.
  • 16 months average data analyst tenure.

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