A Leading U.S. Life Insurer Cuts Claims Payment Time By 50% and Saves Millions in Interest Expenses

$2m reduction in interest expenses in six months
100% digital end-to-end claims workflow
Acceleration of notification-to-payment timelines

A leading U.S. life and annuity insurer partnered with Benekiva to modernize its claims experience, replacing a paper-heavy, opaque process with a digital, end-to-end workflow. The transformation focused on improving claimant experience, accelerating payment timelines, and reducing operational costs.

The results were both immediate and material: the insurer reduced notification-to-payment time by more than 50%, significantly lowered interest expense, and delivered a more transparent, self-service experience for claimants, all while maintaining its existing core systems.

Goals

Improving speed, transparency, and operational efficiency

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Deliver a modern, digital claims experience with real-time visibility.

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Reduce payment timelines and associated interest expense.

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Decrease reliance on paper, manual processes, and call center volume.

Problem

A claims experience built for another era

The insurer’s claims process relied heavily on paper-based workflows and manual submission. Claimants submitted documentation through mail, with little to no visibility into claim status once materials were received.

Limited visibility drove poor experiences

  • Claimants had no insight into claim progress
  • Follow-ups required calling the contact center

Manual processes slowed everything down

  • Paper handling and intake delays extended cycle times
  • Internal teams relied on multiple systems and manual steps

Delays created measurable financial impact

  • Slower processing increased interest payments
  • Operational inefficiencies limited scalability

At the same time, any transformation needed to integrate with complex backend systems without disrupting existing operations.

Solution

A digital, API-driven claims experience

The insurer selected Benekiva to transform its claims process into a fully digital, end-to-end workflow—without requiring a full system replacement.

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Digitizing the claimant experience

  • Online claim submission
  • Electronic consent and document upload
  • Self-service portal with real-time status tracking
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Integrating with existing systems

  • API-based data exchange with policy administration systems
  • Seamless connection to internal automation and payment processes
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Enabling faster processing without disruption

  • Streamlined intake reduced manual work
  • Improved data accuracy accelerated downstream workflows

Results

Faster payments, lower costs

  • $2m reduction in interest expenses in six months
  • 50%+ reduction in notification-to-payment time
  • Reduced reliance on paper and claim submission
  • Self-service visibility replaced "black box" claims processing
  • Streamlined workflows across systems
  • Scalable digital platform supporting ongoing optimization
  • Continued improvements in adoption and internal efficiency

Why It Matters

Turning claims into a strategic advantage

By digitizing its claims process with Benekiva, this leading insurer transformed a traditionally manual operation into a faster, more transparent, and more efficient experience. With a scalable digital foundation in place, the organization is well positioned to continue improving performance and delivering better outcomes for claimants.