Eight company insurance group sought improved residual market accounting to operate more efficiently.

Client Situation
The client’s manual process for residual market accounting was highly inefficient with employee turnover across the accounting team. The client desired to consolidate and streamline all processing for residual market facilities.

Aon Inpoint’s Solution

• Designed and managed an outsource project plan to assure meeting milestones and deadlines
• Met weekly with stakeholders to keep project on track
• Retrieved all relevant data produced by administrators of the residual market facilities
• Automated the processing for all the residual market facilities
• Constructed an electronic data file containing all of the group’s calculated residual market obligations to each facility
• Provided reconciliation documents with each electronic data file

Aon Inpoint Delivers Distinctive Client Value

• Client is now able to upload Aon Inpoint’s consolidated electronic residual market data file into their statistical and financial systems
• Efficiencies freed up company resources and reduced the need to hire replacement resources due to staff attrition
• Errors are greatly reduced by the elimination of manual processes