An actuarial firm projects $2M increase in profit by automating manual workflows with AI—reducing errors, accelerating reporting, and scaling smarter.
Company Overview
A leading U.S.-based actuarial consulting firm specializing in retirement, health, and welfare services needed to modernize how teams handled data. With hundreds of clients nationwide and a growing team of over 100 experts, the firm recognized that scaling operations required more than just headcount—it required smarter systems.
The Challenge
For years, the firm relied on outdated, manual workflows to process complex valuation reports. Actuaries were stuck in time-consuming tasks—manual data entry, file reconciliation, and inefficient client communication loops. Reports took up to 60 days to complete. These inefficiencies didn’t just drain time—they throttled growth and introduced significant risk of human error. The firm needed a way to free its actuaries from repetitive work and focus on high-value, client-facing activities. Recognizing the need, the company turned to LaunchPad Lab to build a better path forward with a digital solution primed for strategic growth.
The Approach
The project began with a Blueprint Workshop to map out pain points and technical needs. The objective: reduce manual entry, automate reconciliation, and replace clunky email and spreadsheet workflows with a modern, secure system. Together, we designed a custom application tailored to streamline actuarial operations and increase productivity without sacrificing accuracy.
The new AI-enhanced platform significantly simplified day-to-day tasks. The system now handles historic and current data reconciliation, streamlines validation, and minimizes back-and-forth exchanges.
Faster, more accurate data intake.
Smart parsing that accelerates actuarial reporting.
Intuitive interface for both internal users and clients.
The Results
By eliminating error-prone, manual processes, actuaries were able to focus on higher-value work—driving stronger client outcomes and contributing directly to the bottom line.
Reduced Human Error
Accelerated Response Time
Streamlined Data and Reporting
Improved Client Interaction
Annual Profit Increase
Service Turnaround
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