INSURANCE
Bordereaux ingestion + standardization
Bordereaux management involves the ingestion and standardization of data files from delegated authority companies for their capacity providers. Our platform transforms inbound bordereaux files, regardless of format, into a template provided by the receiving party. We eliminate cumbersome user-defined rules for efficient and accurate data processing.
Bordereaux files come in different formats from MGAs, coverholders, and brokers, making standardization difficult
Data inconsistency
Most data mapping and validation are done manually, slowing down operations and increasing costs
Manual processes
Inaccurate or incomplete data can lead to reporting errors, regulatory penalties, and strained relationships with capacity providers
Compliance risks
Industry challenge
Bordereaux management is a critical yet resource-intensive process in the insurance and reinsurance sectors. Delegated authority entities like MGAs, cover holders, and brokers submit bordereaux in diverse formats, often leading to significant inefficiencies in data processing and standardization.
Despite efforts to standardize through contractual agreements and operational guidelines, frequent disruptions arise when new clients are onboarded, schemas change, or product updates occur. These variations amplify the complexity of managing bordereaux files and underscore the need for an automated, AI-driven approach to ensure consistency, accuracy, and efficiency.
HerculesAI for Bordereaux ingestion + standardization
With AI-driven automation, Hercules eliminates the need for manual rules and repetitive tasks. It automatically detects discrepancies in incoming files, validates the data, and applies transformations in real-time, ensuring that all submissions meet the specific requirements of capacity providers.
THE STATS
80%
reduction in processing time compared to manual workflows
3x
faster turnaround time for Bordereaux ingestion
95%
reduction in manual intervention required for data mapping and validation
Adaptive AI at every stage
This end-to-end automation offers flexibility to intervene at critical stages of the process, ensuring accuracy, compliance, and consistency across the entire bordereaux lifecycle.
AI CAPABILITY
Automatically validate the format and structure of incoming files at the point of submission.
01
File submission
MGAs, brokers, and coverholders submit bordereaux files in various formats
AI CAPABILITY
Users can review and adjust the AI-generated mapping if necessary.
02
Schema mapping
Hercules maps incoming data fields to the predefined template provided
AI CAPABILITY
Users can verify the accuracy of transformed data before Verification.
03
Data transformation
The system transforms the bordereaux file into a standardized file
AI CAPABILITY
With more usage, the system learns to handle all special cadences, removing human dependency or rule buildup
04
Verification
The system applies client-specific instructions learned from historical data
AI CAPABILITY
Users can review the final output to ensure alignment with business rules.
05
Standardized output
The final, compliant bordereaux file is generated and ready for submission
Key features
Automatic validation
The AI instantly flags discrepancies in incoming files, reducing the need for manual checks
Overall, Hercules reduces errors, accelerates data processing, reduces the time required to onboard new clients, and more effectively process bordereaux files with existing clients.
